STR Holdings to Begin Trading on the OTC Pink Marketplace Under the Ticker Symbol "STRI"
29 Septiembre 2015 - 1:31PM
On September 29, 2015, STR Holdings, Inc. (the "Company") was
notified by the New York Stock Exchange (the "NYSE") that it was
not in compliance with the continued listing standards set forth in
Section 802.01B of the NYSE Listed Company Manual due to its
failure to maintain an average global market capitalization over a
consecutive 30 trading-day period of at least $15 million. The NYSE
informed the Company that trading in the Company's common stock has
been suspended as of Tuesday, September 29, 2015. The NYSE also
notified the Company that it intends to apply to the Securities and
Exchange Commission to delist the Company's common stock.
The Company expects that its common stock will be traded on the
OTC Pink Marketplace beginning on Wednesday, September 30, 2015
under the ticker symbol "STRI." The Company expects transition of
the Company's common stock to the OTC Pink Marketplace will have no
effect on the Company's shares and the Company's shareholders
remain owners of the common stock and will be able to trade the
stock on the OTC Pink Marketplace as of September 30, 2015. In
addition, the transition to the OTC Pink Marketplace does not
change the Company's obligation to file periodic and other reports
with the Securities and Exchange Commission under applicable
federal securities laws. The Company is in the process of applying
to the OTCQX Marketplace, which is the highest tier on the OTC
Marketplace.
About STR Holdings, Inc.
STR Holdings, Inc. is a provider of encapsulants to the
photovoltaic module industry. Further information about STR
Holdings, Inc. can be obtained via the Company's website at
www.strsolar.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended. These statements may
include words such as "anticipate," "believe," "expect," "intend,"
"may" and other words and terms of similar meaning, including in
connection with any discussion of the timing or nature of future
financial performance or other events. Such forward-looking
statements are subject to certain risks and uncertainties,
including whether a trading market for the Company's common stock
will exist on the OTC Marketplace and other factors disclosed by
the Company from time to time in its filings with the SEC,
including those described under the caption "Risk Factors" in the
Company's Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. As a result of these factors, the Company's actual results
may differ materially from those indicated or implied by such
forward-looking statements. Except as required by law, the Company
disclaims any obligation to publicly update such
statements.
CONTACT: Company Contact:
STR Holdings, Inc.
Joseph C. Radziewicz
Vice President and Chief Financial Officer
+1 (860) 265-1247
joseph.radziewicz@strholdings.com
STR (CE) (USOTC:STRI)
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