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News Breaks
January 9, 2013
07:34 EDTDGITDigital Generation receives Nasdaq notice of potential delisting
Digital Generation announced that it has received a letter from NASDAQ notifying the company that it is subject to delisting from the NASDAQ Capital Market for failure to hold its 2012 annual meeting of stockholders prior to December 31, 2012. The company will appeal this determination of noncompliance and potential delisting pursuant to NASDAQ procedures by seeking a hearing before a NASDAQ hearing panel. The company's request for a hearing will stay the suspension and delisting action pending the issuance of a written decision by the NASDAQ hearing panel. The company cannot assure that the company's appeal hearing will be successful. In connection with the NASDAQ hearing, the company will inform NASDAQ about the special circumstances relating to the company's continuing consideration of its strategic options and the company's commitment to hold the annual meeting on February 21, 2013.
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