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twitterVegas tech company faces delisting
Tuesday, Aug. 27, 2002 | 11:09 a.m.
PurchasePro, a Las Vegas software company, today said it was notified by the staff of the Nasdaq Stock Market that it has failed to comply with Nasdaq's requirements for continued listing.
That's because it has not yet filed its 10-Q quarterly report with the Securities and Exchange Commission for the period ended June 30.
PurchasePro said it requested a hearing before a Nasdaq panel to review the staff determination and that the request for a hearing suspends the delisting action.
PurchasePro stock traded today at 23 cents, down 5 cents from Monday's close.
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