24/7 Media Inc., New York, plans to request a hearing to appeal a Nasdaq determination that the New York-based e-mail marketing company be delisted.
The company was to be delisted after Nasdaq found that its stock price no longer complied with the $1.00 minimum bid price requirement for continued listing.
At the hearing, the company intends to request an extension of the time to raise its share price.
Pending the outcome of the hearing, the company’s common stock will remain listed and will continue to trade on the Nasdaq National Market.
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