BARINGTON/HILCO ACQUISITION CORP. (NASDAQ:BHAC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01.Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On January 3, 2017, Barington/Hilco Acquisition Corp. (the
Company) received a letter (the Letter) from the Listing
Qualifications Department of The Nasdaq Stock Market (Nasdaq)
stating that the Company has not yet held an annual meeting of
shareholders within twelve months of the end of the Companys
fiscal year end. As a result, the Company is not in compliance
with Nasdaq Listing Rule 5620(a) (the Annual Meeting Rule). The
Letter is only a notification of deficiency, not of imminent
delisting, and has no current effect on the listing or trading of
the Companys securities on Nasdaq.
The Letter states that, under Nasdaq rules, the Company has 45
calendar days to submit a plan to regain compliance with the
Annual Meeting Rule. If Nasdaq accepts the Companys plan, Nasdaq
may grant the Company an extension of up to 180 calendar days
from the fiscal year end, or until June 29, 2017, to regain
compliance with the Annual Meeting Rule. If Nasdaq does not
accept the Companys plan, the Company will have the opportunity
to appeal the decision in front of a Nasdaq Hearings Panel.
The Company intends to submit a plan to regain compliance with
the Annual Meeting Rule within the required timeframe. In order
to most efficiently utilize the Companys resources, it has been
the intention of the Company to hold the annual meeting in
connection with either a vote of its shareholders on a business
combination or a vote to extend the date by which the Company
must complete a business combination.
BARINGTON/HILCO ACQUISITION CORP. (NASDAQ:BHAC) Recent Trading Information
BARINGTON/HILCO ACQUISITION CORP. (NASDAQ:BHAC) closed its last trading session 00.00 at 10.14 with 500 shares trading hands.