Avistar Threatened with Delisting on Nasdaq 

San Mateo-based Avistar Communications Corp. (AVSR) on Thursday announced that it has received a notice from the Nasdaq Stock Market indicating that its eligibility for continued listing is under review.

The notice, received Nov. 6, indicates that Avistar does not comply with requirements that the company have a minimum of $2.5 million in stockholders’ equity or $35 million in market value of listed securities or $500,000 of net income for the most recent fiscal year or two of the three most recent fiscal years.

Avistar plans to submit a plan for regaining compliance by Nov. 21, the company said in a statement.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

© 2018 The San Francisco Examiner

Website powered by Foundation