Technical Communications Corporation Reports Notice from Nasdaq Hearings Panel
TECHNICAL COMMUNICATIONS (TCCO)
US:NASDAQ Investor Relations:
tccsecure.com/investors.aspx
Company Research
Source: GlobeNewswire
CONCORD, Mass., Oct. 16, 2019 (GLOBE NEWSWIRE) -- Technical Communications Corporation (NasdaqCM: TCCO) today announced that on October 14, 2019, the Company received notice that the Nasdaq Hearings Panel (the “Panel”) of The Nasdaq Stock Market (“Nasdaq”) had granted the Company’s request for continued listing on Nasdaq until December 13, 2019, subject to certain conditions. Specifically, on or before December 13, 2019, the Company must file its Annual Report on Form 10-K for the fiscal year ended September 28, 2019, which shall report over $500,000 in net income from continuing operations in order to regain compliance. On June 25, 2019, the Company received notice from the Nasdaq Listing Qualifications Department that it did not comply with the minimum $2.5 million shareholders’ equity requirement in Listing Rule 5550(b)(1) or meet the applicable alternative standards. Pursuant to such notice, the Company was granted until July 8, 2019 to submit a plan to Nasdaq to regain comp
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