Rentech to Voluntary Delist Common Shares from Nasdaq; Shares to Trade on OTCQB
10 Outubro 2017 - 7:30AM
Business Wire
Rentech, Inc. (NASDAQ: RTK) has notified Nasdaq of its intention
to voluntarily withdraw the Company’s common shares from listing on
The Nasdaq Capital Market effectively immediately prior to market
opening on October 16, 2017. The Company intends to file a Form 25,
Notification of Removal from Listing and/or Registration under
Section 12(b) of the Securities Exchange Act of 1934, as amended,
with the Securities and Exchange Commission (SEC) on October 16,
2017, notifying the SEC of its transfer from listing on The Nasdaq
Capital Market to the OTCQB Market. Rentech’s common shares will be
listed on the OTCQB Market effective as of the market open on
October 16, 2017.
The transfer from The Nasdaq Capital Market to the OTCQB Market
is due to Rentech’s inability to cure its noncompliance with NASDAQ
Listing Rule 5550(a)(2) (the NASDAQ Listing Rule). The NASDAQ
Listing Rule requires Rentech’s common shares to trade above $1.00
for 30 consecutive business days before October 9, 2017 or 180 days
from which Rentech received notification from Nasdaq regarding its
noncompliance with the NASDAQ Listing Rule.
About Rentech, Inc.
Rentech, Inc. (NASDAQ: RTK) owns and operates wood fibre
processing and wood pellet production businesses. Rentech offers a
full range of integrated wood fibre services for commercial and
industrial customers around the world, including wood chipping
services, operations, marketing, trading and vessel loading,
through its subsidiary, Fulghum Fibres. The Company’s New England
Wood Pellet subsidiary is a leading producer of bagged wood pellets
for the U.S. heating market. Rentech’s industrial wood pellet
facilities are designed to produce wood pellets used as fuel for
power generation. Please visit www.rentechinc.com for more
information.
Safe Harbor Statement
This press release contains forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995. In
addition, the delisting of the common shares from The Nasdaq
Capital Market could impair the liquidity and market price of the
common shares. These statements are based on management’s current
expectations and actual results may differ materially as a result
of various risks and uncertainties. Other factors that could cause
actual results to differ from those reflected in the
forward-looking statements are set forth in the Company’s prior
press releases and periodic public filings with the Securities and
Exchange Commission, which are available via Rentech’s website at
www.rentechinc.com. The forward-looking statements in this press
release are made as of the date of this press release and Rentech
does not undertake to revise or update these forward-looking
statements, except to the extent that it is required to do so under
applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171010005722/en/
Rentech, Inc.Julie Dawoodjee Cafarella, 310-307-4772Vice
president of Investor Relations and Communicationsir@rentk.com
Rentech, Inc. (NASDAQ:RTK)
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