Orange 21 Inc. Announces Transfer of Listing to Nasdaq Capital Market
mike lewis
- May 13 2009
- 136 views
- 2 comments
Spy’s parent company, Orange 21, announced Friday it received approval from the Nasdaq Listing Qualifications Staff to transfer the listing of its common stock from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is effective as of the Market opening on Friday, May 8, 2009.
The company’s new, full ticker is NasdaqCM: ORNG.
The Nasdaq Capital Market is one of the three market tier designations for Nasdaq-listed stocks, and operates in substantially the same manner as the Nasdaq Global Market. The Nasdaq Capital Market currently lists the securities of approximately 550 companies. Our trading symbol will remain “ORNG” and trading of our stock will be largely unaffected by this change. Securities listed on the Nasdaq Capital Market must satisfy all applicable qualification requirements for Nasdaq securities and all companies listed on the Nasdaq Capital Market must meet certain financial requirements and adhere to Nasdaq’s corporate governance standards.
»
