Learning Tree Shares Will Be Delisted from NASDAQ And Move to the OTCQX Market
14 7월 2015 - 6:27AM
Business Wire
Learning Tree International, Inc. (NASDAQ: LTRE) (the “Company”)
today notified The NASDAQ Stock Market LLC (“NASDAQ”) that the
Company’s shares of common stock would be delisted from the NASDAQ
Global Market (“Global Market”) since the Company no longer
satisfies the Global Market’s listing requirements. The Company's
common stock is currently traded on the Global Market under the
trading symbol “LTRE.” The Company is taking the steps necessary to
have its common stock quoted for trading in the OTCQX US Market
(“OTCQX”), operated by OTC Markets, Inc., under the same trading
symbol of “LTRE.”
As previously disclosed, on May 20, 2015, the Company received a
notice from NASDAQ that the Company was not in compliance with the
minimum stockholders’ equity requirement of $10.0 million for
continued listing on the Global Market under NASDAQ Listing Rule
5450. Based on the listing requirements of NASDAQ and the expected
financial performance of the Company in the near term, the
Company’s common stock will be delisted from the Global Market. The
Company has filed an application to have its common stock quoted on
the OTCQX.
In accordance with the rules of the Securities and Exchange
Commission (“SEC”), the Company will file a notification of removal
from listing on the Global Market and deregistration of the
Company's common stock under Section 12(b) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25
with the SEC on or about July 23, 2015. As a result, the Company
expects that the last day of trading of its common stock on the
Global Market will be on or about July 22, 2015, with trading to
commence on the OTCQX the next trading day.
Following commencement of trading of its common stock on the
OTCQX, the Company’s common stock will continue to be registered
under the Exchange Act and the Company will continue to file
financial reports that will be available on the SEC's website,
www.sec.gov.
About Learning Tree International
Established in 1974, Learning Tree International is a leading
worldwide vendor-independent provider to business and government
organizations for the training and education of their information
technology (“IT”) professionals and managers. In addition to
training, we support our customers by providing a suite of skills
enhancement services which help business and government
organizations assess the skill level of their IT staff & new
hires, determine skill gaps, and define learning paths to enhance
the competences of their IT workforce. Learning Tree develops,
markets, and delivers a broad, proprietary library of
instructor-led courses focused on: web development, IT security,
project management, operating systems, databases, networking,
software development, leadership, and management and business
skills. Courses are offered at Learning Tree Education Centers and
training locations around the world, on-site at client facilities,
or via the Internet with Learning Tree AnyWare, our web-based,
remote-attendance platform. For more information about Learning
Tree and its products and services, call 1-888-THE-TREE
(1-888-843-8733), or visit the Learning Tree Web site at
www.learningtree.com.
Cautionary Statement Regarding Forward Looking
Statements
The statements contained herein that are not historical facts
are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on Learning Tree. Such statements involve
inherent risks and uncertainties, many of which are difficult to
predict and are generally beyond the control of Learning Tree.
There can be no assurance that future developments affecting
Learning Tree will be the same as those anticipated. Learning Tree
cautions readers that a number of important factors could cause
actual results to differ materially from those expressed in, or
implied or projected by, such forward-looking statements. Investors
should not put undue reliance on these forward-looking statements,
since they are based on key assumptions about future risks and
uncertainties. Some of these risks and uncertainties that could
affect Learning Tree and its business include, but are not limited
to, whether Learning Tree’s common stock will be accepted for
quotation on the OTCQX. Learning Tree is not undertaking any
obligation to update forward-looking statements contained herein to
reflect future events, developments or changed circumstances.
In order to help the reader assess the factors and risks in
Learning Tree's business that could cause actual results to differ
materially from those expressed in the forward looking statements,
Learning Tree discusses in its 2014 Annual Report on Form 10-K
(“Form 10-K”) and Quarterly Report on Form 10-Q for the quarterly
period ended April 3, 2015 (“Form 10-Q”), those risks in Item 1A,
"Risk Factors". Please read the Form 10-K and the Form 10-Q,
including the Risk Factors included therein, which are filed with
the Securities and Exchange Commission (“SEC”) and available at the
SEC's Internet site (http://www.sec.gov).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150713006353/en/
Learning Tree International, Inc.Max
ShevitzPresident703-925-5590max_shevitz@learningtree.com
Learning Tree (CE) (USOTC:LTRE)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Learning Tree (CE) (USOTC:LTRE)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024