| Park Bancorp announced that it had received a letter from the Nasdaq Stock Market on November 6 providing notice that, for the last 30 consecutive trading days, the company's common stock had not maintained a minimum market value of publicly held shares of at least $5M as required for continued listing on the Nasdaq Global Market by Nasdaq Listing Rule 5450(b)(1)(C). For Nasdaq purposes, MVPHS is the market value of the company's publicly held shares, and is calculated by subtracting all shares held by officers, directors or beneficial owners of 10% or more of the total shares outstanding. Such notification has no effect on the listing of the company's shares at this time. :theflyonthewall.com |
