May, 2002 : Primus Approved for Nasdaq SmallCap Listing

📅 May 14, 2002 - Service provider Primus Telecommunications (primustel.com) said today it had been approved to list its common stock on the Nasdaq SmallCap Market effective today.

The company said its common stock would continue to trade under the ticker symbol "PRTL".
"The approval of Primus' application for a Nasdaq SmallCap Market listing enables its common stock to continue to trade in a respected market that is recognized around the world," the company said.
Primus had previously traded on the Nasdaq National Market, but was informed in February that it would be de-listed from the National Market if it could not maintain a share price of $1.00 or more for 10 consecutive days before May 15.
Primus' communications offerings include Web hosting, DSL, VPN and voice services. Shares in the company were trading at 57 cents Tuesday morning.

Reads: 1940 | Category: General | Source: TheWHIR : Web Host Industry Reviews
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