Regent headed to Nasdaq delisting hearing


Regent Communications was first notified by Nasdaq in August 2008 that it faced possible delisting because its stock was not trading above the minimum level of $1 per share. The stock is still well below that mark, so it is no surprise that Nasdaq has begun a formal delisting procedure.

Regent said Friday it had received written notification from the Nasdaq staff that it faced delisting of its stock – that is, unless Regent requested a hearing, which delays effectiveness of any delisting until a Nasdaq Listing Qualifications Panel renders a decision.

That, of course, is exactly what Regent management did, so the stock remains listed until such a hearing takes place and a decision rendered.