Diamond Foods (DMND) Gets Nasdaq Listing Letter; Remains Noncompliant
Tweet
Share
E-mailGet Alerts DMND Hot Sheet
Join SI Premium – FREE
Diamond Foods, Inc. (Nasdaq: DMND) announced that, as expected, on June 12, 2012, it received a determination letter from the Nasdaq Listing Qualifications Department advising that the Company remains noncompliant with the filing requirements for continued listing under Nasdaq Marketplace Rule 5250(c)(1) after not filing its delayed quarterly reports for the periods ended October 31, 2011, and January 31, 2012 by its previously established June 11, 2012 deadline, as well as for the period ended April 30, 2012.
Diamond intends to request a hearing before a Nasdaq Hearings Panel to review the Staff determination. In its determination letter, Nasdaq informed the Company that the hearing request will stay any delisting of the Company's common stock for an additional fifteen days, or until July 5, 2012, unless Diamond requests that the stay be extended pending the hearing. The Company intends to request that the stay remain in effect pending the hearing, and during the period of the stay, the Company will continue its work to finalize all of its delayed filings.
The Delisting Determination letter has no effect on the listing of the Company's stock at this time.
Diamond intends to request a hearing before a Nasdaq Hearings Panel to review the Staff determination. In its determination letter, Nasdaq informed the Company that the hearing request will stay any delisting of the Company's common stock for an additional fifteen days, or until July 5, 2012, unless Diamond requests that the stay be extended pending the hearing. The Company intends to request that the stay remain in effect pending the hearing, and during the period of the stay, the Company will continue its work to finalize all of its delayed filings.
The Delisting Determination letter has no effect on the listing of the Company's stock at this time.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Alzamend Neuro (ALZN) files for 98.4M share offering by selling stockholders
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
