Jan, 2002 : Globix Files Chapter 11, Delists from Nasdaq
📅 - Web hosting company Globix Corporation (globix.com) saidyesterday it will file for bankruptcy and delist the company's common stockfrom the Nasdaq exchange and will trade on the Over-the-Counter BulletinBoard (OTCBB), starting today.
Globix said it undertook a financial restructuring of $600 million in debt,resulting in its filing of a voluntary Chapter 11 bankruptcy starting inFebruary. After the restructuring is completed, the company plans to submit anapplication for relisting on the Nasdaq.
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