in Chatsworth will continue to list on the Nasdaq SmallCap Market because the company has met requirements for net tangible assets
, market capitalization and net income.
Nasdaq told K-Tel it had to have and demonstrate the ability to maintain net tangible assets
of at least $4m.
NASDAQ, for instance, requires net income in the order of $400,000 and $4 million in net tangible assets
the "NYSE Arca") that it was no longer in compliance with the minimum total net tangible assets
and net worth amounts required for continued listing on the NYSE Arca under NYSE Arca Equities Rule 5.
In April, exchange officials notified Incomnet that it was not in compliance with listing requirements because its stock had traded below $1 for 30 consecutive trading days and that its net tangible assets
were below the minimum requirements.
Under ArvinMeritor's unsecured indentures, the company has a limitation on liens of up to 15% of the value of consolidated net tangible assets
, which is defined to exclude certain 'principal property' assets.
Nasdaq in April notified the company that it faced delisting because its stock and net tangible assets
had fallen below the minimums.
NEW YORK -- UBS announced today that it will acquire the global futures and options business of ABN AMRO for a cash consideration of 386 million (USD) plus net tangible assets
Based on Fitch's estimates, consolidated net tangible assets
as defined totaled $8.
This transaction is not expected to have any material impact on the consolidated net tangible assets
per share and earnings per share of ST Engineering for the current financial year.
The Company applied to transfer to the Nasdaq SmallCap Market due to a change in a maintenance listing standard of the Nasdaq National Market from one based on Net Tangible Assets
to one based on Stockholders' Equity.
One of those standards changed from requiring minimum net tangible assets
of $4 million to a new standard which requires at least $10 million of shareholders' equity (including intangible assets), and Matritech does not presently meet this new requirement.