Nasdaq Will Hear Firm’s Request to Stay Listed
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Mcglen Internet Group Inc., a Tustin specialty technology company, was granted its request for a hearing before the Nasdaq listing qualifications panel in its effort to remain on the Nasdaq SmallCap Market.
The hearing is scheduled for March 16.
The company requested the hearing last week after receiving notification that it didn’t meet minimum bid requirements and that it failed to hold an annual shareholder meeting last year and to provide proxy materials to its shareholders.
Mcglen has a merger pending with Lan Plus Corp. Mcglen’s stock gained 13 cents to close at $1.56 a share.
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