📅 - Verado Holdings, Inc (verado.com), a provider of outsourcedmanaged hosting, professional services and data center solutions, todayannounced that it has received a Nasdaq Staff Determination that it has notmaintained compliance with the minimum bid price requirement for continuedlisting. This means its common stock is therefore subject to delisting fromthe Nasdaq National Market.
Verado will request a hearing before a Nasdaq Listing Qualifications Panelto appeal the Staff Determination. After receiving the request, Veradoanticipates that Nasdaq will grant Verado a hearing within approximately 45days. Verado's stock will continue to trade on Nasdaq until after the hearing whenthe Panel makes a determination. The company says it remains in a strongfinancial position. Verado's Nasdaq listing status in no way effects itscustomer base, its concierge level of customer service or its ability toexecute and grow the business.
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