CARDCONNECT CORP. (EPA:CCN) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
The information set forth under Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 8.01 Other Events.
On January 6, 2017, The NASDAQ Stock Market LLC (“Nasdaq”) notified CardConnect Corp. (the “Company”) that the Company’s common stock has been approved for continued listing on the NASDAQ Global Market.
On January 3, 2017, the Company notified Nasdaq that it does not intend to appeal the Staff’s determination that the Company’s warrants do not meet the minimum 400 round lot holder requirement as described in the Company’s Current Report on Form 8-K filed on November 4, 2016, the contents of which are incorporated herein by reference. On January 6, 2017, Nasdaq notified the Company that the Company’s warrants would be suspended from trading on January 6, 2017 and delisted upon completion of Nasdaq’s internal processes. As of January 6, 2017, the warrants trade on the OTC Pink market and the Company expects to apply to list the warrants on the OTCQX U.S. market.
Information Concerning Forward-Looking Statements
The Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events. These statements may be preceded by, followed by or include the words “will,” “intend,” “expect,” “anticipate,” or similar expressions. These forward-looking statements are based on information available to the Company as of the date of this report and involve substantial risks and uncertainties. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to a variety of factors, including risks and uncertainties set forth in the Company’s reports filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements as a result of new information, future events or developments or otherwise.
About CARDCONNECT CORP. (EPA:CCN)
Caisse Regionale de Credit Agricole Mutuel de Normandie-Seine SC, (formerly known as CRCAM Normandie-Seine), is a France-based regional bank. It provides financial and insurance products and services to such customers as professionals, individuals, farmers, associations and local communities. It also issues Certificats Cooperatifs d’Investissement (CCI), which are listed on Euronext Paris Stock Exchange. Banking facilities include online banking services, credit and debit card facility, loans and mortgages, savings accounts and insurance for family, home and vehicle. The Company has numerous branches in French Regions. CARDCONNECT CORP. (EPA:CCN) Recent Trading Information
CARDCONNECT CORP. (EPA:CCN) closed its last trading session down -1.54 at 102.01 with 2,027 shares trading hands.