Manitex International, Inc. Receives Nasdaq Continued Listing Notice
November 17 2017 - 9:00AM
Manitex International, Inc. (NASDAQ:MNTX) (the “Company”), a
leading international provider of cranes and specialized industrial
equipment, today announced that on November 13, 2017, it received a
letter notice (the “Notice”) from the Listing Qualifications
Department of the Nasdaq Stock Market (“Nasdaq”) stating that
because the Company had not yet filed its Quarterly Report on Form
10-Q for the period ended September 30, 2017, the Company was no
longer in compliance with Nasdaq Listing Rule 5250(c)(1) for
continued listing. Nasdaq Listing Rule 5250(c)(1) requires listed
companies to timely file all required period financial reports with
the Securities and Exchange Commission. The Notice has no immediate
effect on the listing or trading of the Company’s common stock on
the Nasdaq Capital Market.
As previously disclosed by the Company on
November 6, 2017, due to the Company’s announced intent to file
restated annual and quarterly financial statements for 2016 and
certain periods of 2017, the issuance by the Company of its
earnings release, and filing by the Company of its Quarterly Report
on Form 10-Q for the quarter ended September 30, 2017 would be
delayed. Manitex reiterates that all such restatements and related
filings will be completed as quickly as possible, and stated that
it intends to take all necessary steps to maintain compliance with
all listing requirements of Nasdaq. The Company also reiterates
that it intends to schedule a conference call to discuss the
quarterly results for the quarter ended September 30, 2017, the
restatements, and a business update upon completion of the
restatements.
About Manitex International, Inc.
Manitex International, Inc. is a leading
worldwide provider of highly engineered specialized equipment
including straight-mast and jointed-mast boom trucks and other
cranes. Our products, which are manufactured in facilities located
in the USA and Italy, are targeted to selected niche markets where
their unique designs and engineering excellence fill the needs of
our customers and provide a competitive advantage. We have
consistently added to our portfolio of branded products and
equipment both through internal development and focused
acquisitions to diversify and expand our sales and profit base
while remaining committed to our niche market strategy. Our
brands include Manitex, PM, Badger, Sabre, and Valla.
Forward-Looking Statements
Safe Harbor Statement under the U.S. Private Securities
Litigation Reform Act of 1995: This release contains statements
that are forward-looking in nature which express the beliefs and
expectations of management including statements regarding the
Company’s expected results of operations or liquidity; statements
concerning projections, predictions, expectations, estimates or
forecasts as to our business, financial and operational results and
future economic performance; and statements of management’s goals
and objectives and other similar expressions concerning matters
that are not historical facts. In some cases, you can identify
forward-looking statements by terminology such as “anticipate,”
“estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,”
“we believe,” “we intend,” “may,” “will,” “should,” “could,” and
similar expressions. Such statements are based on current plans,
estimates and expectations and involve a number of known and
unknown risks, uncertainties and other factors that could cause the
Company’s future results, performance or achievements to differ
significantly from the results, performance or achievements
expressed or implied by such forward-looking statements. These
factors and additional information are discussed in the Company’s
filings with the Securities and Exchange Commission and statements
in this release should be evaluated in light of these important
factors. Although we believe that these statements are based upon
reasonable assumptions, we cannot guarantee future results.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update
publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
Contact: |
|
|
|
|
|
Manitex International,
Inc. |
|
Darrow Associates,
Inc. |
David Langevin |
|
Peter Seltzberg,
Managing Director |
Chairman and Chief
Executive Officer |
|
Investor Relations |
(708) 237-2060 |
|
(516) 419-9915 |
dlangevin@manitex.com |
|
pseltzberg@darrowir.com |
Manitex (NASDAQ:MNTX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Manitex (NASDAQ:MNTX)
Historical Stock Chart
From Apr 2023 to Apr 2024