Sep, 2002 : Digex Transfers to Nasdaq SmallCap Market
📅 - Managed hosting provider Digex Incorporated (digex.com) announced on Friday that the company has been approved for transfer from the Nasdaq National Market to the Nasdaq SmallCap Market.
The switch takes effect Monday, and the company's common stock will continue to trade under its current ticker symbol, DIGX. According to Digex, the transfer to the SmallCap Market extends the company's grace period for meeting the Nasdaq's listing requirement of a $1 minimum bid price until December 4, 2002. Following that date, the company may be eligible for an additional 180 day grace period, according to Nasdaq rules.
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