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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:07 EDTWPCS, NDAQWPCS granted continued listing request from NASDAQ
WPCS (WPCS) announced that on July 1, the company received notice from The NASDAQ (NDAQ) Stock Market that the NASDAQ Hearing Panel has determined to grant the company's request for continued listing on The NASDAQ Capital Market, subject to certain conditions, including the solicitation of proxies and the holding of a combined annual meeting for fiscal 2013 and 2014 by September 30. As previously disclosed, on May 2, the NASDAQ Listing Qualifications Staff notified the company that it did not timely satisfy the annual meeting and proxy solicitation requirements, as set forth in NASDAQ Listing Rules 5620(a) and 5620(b), respectively, and that the company's securities were subject to delisting unless the company timely requested a hearing before the Panel. On June 12, the company appeared before the Panel, at which it requested an extension through September 30 to satisfy the proxy solicitation and annual meeting requirements.
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