Actionable news
0
All posts from Actionable news
Actionable news in PSUN: Pacific Sunwear of California, Inc.,

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

On October 29, 2015, Pacific Sunwear of California, Inc. (the Company), received a deficiency notice (the Notification Letter) from the NASDAQ Global Select Stock Market (NASDAQ) stating that for the last 30 consecutive business days, the Company had not met the $15 million minimum market value of publicly held shares continued listing standard as required by NASDAQ Listing Rule 5450(b)(3)(C). As provided in the NASDAQ rules, the Company has 180 calendar days, or until April 26, 2016, to regain compliance. To regain compliance, the market value of the Companys publicly held shares must be $15 million or more for a minimum of ten consecutive business days at any time prior to April 26, 2016.

If the Company has not regained compliance prior to April 26, 2016, the...


More