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Actionable news in LOOK: LookSmart, Ltd.,

On September

Staff

) of The NASDAQ Stock Market LLC (NASDAQ) notified LookSmart, Ltd. (the

Company

) that, based upon the Companys non-compliance with the minimum $2.5 million stockholders equity requirement for continued listing on The Nasdaq Capital Market, as set forth in NASDAQ Listing Rule 5550(b), the Company was subject to delisting from NASDAQ unless it timely requests a hearing before the NASDAQ Hearings Panel (the

Panel

). The Company plans to request a hearing before the Panel to address the deficiency, which request will stay any delisting action pending the ultimate outcome of the hearing process. The Panel has the discretion to...


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