WebMediaBrands Receives Nasdaq Notification Letter
September 27 2011 - 4:03PM
Business Wire
WebMediaBrands, Inc. (Nasdaq: WEBM), an Internet media company
that provides content, education, and career services to media and
creative professionals, today announced that on September 22, 2011,
it received a notice from the Nasdaq Stock Market indicating that
it no longer complies with the requirements of Nasdaq Marketplace
Rule 5450(a)(1) for continued listing on the Nasdaq Global Market.
The rule requires that shares of WebMediaBrands’s stock maintain a
minimum bid price of $1.00 per share.
WebMediaBrands has 180 calendar days, or until March 20, 2012,
in which to regain compliance with the listing requirement. If
WebMediaBrands does not regain compliance prior to the expiration
of the 180-day grace period, Nasdaq will provide written notice
that WebMediaBrands’s securities are subject to delisting.
Alternatively, WebMediaBrands may be eligible for an additional
180-day grace period if it meets the initial listing standards,
with the exception of bid price, for the Nasdaq Capital Market. To
avail itself of this option, WebMediaBrands will need to submit an
application to transfer its securities to the Nasdaq Capital
Market.
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM, www.webmediabrands.com) is an
Internet media company that provides content, education and career
services to media and creative professionals.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release that are not
historical facts are "forward-looking statements" under the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
potential risks and uncertainties address a variety of subjects
including, for example: general economic conditions; the
competitive environment in which WebMediaBrands competes; and the
unpredictability of WebMediaBrands's future revenues, expenses,
cash flows and stock prices. For a more detailed discussion of such
risks and uncertainties, refer to WebMediaBrands's reports filed
with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934. The forward-looking statements
included herein are made as of the date of this press release, and
WebMediaBrands assumes no obligation to update the forward-looking
statements after the date hereof, except as required by law."
All current WebMediaBrands press releases can be found online at
www.webmediabrands.com/corporate/press.html
Webmethods (NASDAQ:WEBM)
Historical Stock Chart
From May 2024 to Jun 2024
Webmethods (NASDAQ:WEBM)
Historical Stock Chart
From Jun 2023 to Jun 2024