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MEDIABISTRO INC. FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

May 22, 2014



Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On April 2, 2014, Mediabistro Inc. (the "Company") received a letter from the Nasdaq Stock Market indicating that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum of $2.5 million in stockholders' equity for continued listing. Due to its inability to regain compliance with this listing standard, on May 22, 2014, the Company notified the Nasdaq Stock Market of its intent to delist its securities from the Nasdaq Capital Market by filing a Form 25 with the Securities and Exchange Commission on or before June 6, 2014.

In connection with its delisting from Nasdaq, the Company intends to list its common stock on the OTCQX operated by OTC Markets Group Inc.


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Source: Edgar Glimpses


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