Regent Communications says in an SEC filing that it has received a notice from The Nasdaq Stock Market that Regent’s common stock will be suspended from trading on The Nasdaq Capital Market effective at the open of business on Friday, January 8th.
The filing said Nasdaq will thereafter file a Form 25 Notification of Delisting with the Securities and Exchange Commission.
Delisting doesn’t mean that the stock can no longer trade, it just won’t trade on the Nasdaq market.
Regent CFO Tony Vasconcellos told RBR-TVBR that the company’s stock will continue to use the symbol “RGCI” and trade in the over the counter market. The firms which make a market in Regent stock will first have to make a filing with the SEC, so he said it might be a couple of days before trading resumes.