TROY, MI — Intermet Corp. announced that the Nasdaq will cease trading of the company’s common stock effective with the opening of business on Tuesday, Oct. 12.
Intermet received a written notice on Oct. 1, from the Nasdaq Listing Qualifications Department stating that the company’s common stock was being delisted from The Nasdaq Stock Market pursuant to Marketplace Rule 4815(a). The delisting is based on Nasdaq’s determination that the company does not comply with the continued listing requirements under Marketplace Rules 4300 and 4450(f).
The company stated it anticipates that its common stock will continue to be quoted on the Pink Sheets Electronic Quotation Service following its delisting from Nasdaq. The company’s common stock may also become eligible for quotation on the OTC Bulletin Board if a market maker applies to register the stock in accordance with applicable SEC rules, and if the application is cleared, neither of which is assured.
For more information about Intermet, go to: www.intermet.com.
_______________________________________
Click here to view the rest of today’s headlines.