NEW YORK, May 15, 2020, / / PRNewswire/ — Teum stock Corporation (Nasdaq: TEUM), an VoIP communications system company, announced that on May 12, 2020, Teumstock Corporation (the”Company”) at https://www.webull.com/quote/nasdaq-teum received a verdict by the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) suggesting that the provider isn’t in compliance with the demand that a listed firm timely file all required episodic financial news with the Refuges and Exchange Charge to stay listed on The Nasdaq Capital Market, as outlined in Nasdaq Listing Rule 5250(c)(1) (the”Rule”). On May 13, 2020, the business obtained another letter from Nasdaq indicating that as a consequence of the organization’s failure to submit a Quarterly Report on Form 10-Q because of its financial period ended March 31, 2020, it had been in further breach of this Rule.
The business plans to timely request a hearing before the Nasdaq Hearings Panel (the”Panel”). Under NASDAQ’s principles, a timely petition will stay the delisting of the organization’s securities pending the Panel’s choice for 15 days from the date of their petition. In this procedure, assuming the issuer intends to keep the suspension of gambling outside having an automatic fifteen-day remain, the organization’s common stock will continue to trade on The Nasdaq Capital Market before the Panel issues its decision after the hearing and throughout the expiry of any further extension period allowed by the Panel. But, there may be no assurance the Panel will grant the corporation’s request for continued listing on The Nasdaq Capital Market, or the organization’s strategies to regain compliance with Nasdaq’s guidelines will likely be prosperous.
Around Teum stock Corporation
Countless individuals and devices are linked around the globe with Teum stock’s International Cloud Communications Platform, improving their cellular experience. Teum stock unleashes the energy of software and cellular services to deliver safe, ubiquitous, scalable, and more easily accessible voice, movie, SMS/text messaging, information, networking, and articles enablement to our clients. In so doing, we all attempt to create global communications solutions readily and efficiently accessible to everybody. Teum stock imagines a brand new cell communications experience, imagining what will likely function as delivering today. To learn more please see www.teum stock.com.
Such announcements may include, without limitation, statements concerning the organization’s aims and goals, projectionsand expectations, and goals.Clients are cautioned that any forward-looking statements aren’t guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are hard to predict. We discuss a lot of these risks, uncertainties, and assumptions from Item 1A below the heading “Risk Factors” in our Annual Report on Form 10-K for its year ended December 31, 2018, as upgraded with our other filings with the SEC.You can also check bzun stock at https://www.webull.com/quote/nasdaq-bzun .Other Read More