comScore, Inc. (NASDAQ:SCOR) 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.. |
delaying the filing of its Quarterly Report on Form 10-Q for the
quarter ended September 30, 2016 (the Form 10-Q).
comScore received a notice of additional deficiency from the
Nasdaq Listing Qualifications Department staff (the Staff)
stating that because comScore had not filed the Form 10-Q, that
delinquency serves as an additional non-compliance event of
Nasdaqs continued listing rules, specifically with Nasdaq Listing
Rule 5250(c)(1).
letter from the Staff on September 1, 2016 notifying comScore
that, since it had not filed its Annual Report on Form 10-K for
the fiscal year ended December 31, 2015 and its Quarterly Reports
on Form 10-Q for the quarterly periods ended March 31, 2016 and
June 30, 2016 (together, the Reports), comScores common stock was
subject to immediate delisting from The Nasdaq Global Select
Market unless comScore requested a hearing with a Nasdaq Hearings
Panel (the Panel). comScore requested such a hearing, and the
Panel subsequently determined to continue comScores listing to an
exception through February 23, 2017. The Panels decision requires
comScore to inform the Panel by February 23, 2017 that comScore
has filed all the Reports, which would presumably include the
Form 10-Q. The Panel decision also requires comScore to notify
the Panel immediately in the event that it is determined that the
comScore will not satisfy the February 23, 2017 deadline, should
an event occur that would substantially jeopardize comScores
ability to meet that date or if any other significant events
occur before February 23, 2017. The Panel will consider the
latest notice of additional deficiency regarding the Form 10-Q in
connection with its decision. While comScore is working as
expeditiously as possible to regain compliance with Nasdaqs
filing requirement by February 23, 2017, no assurances can be
provided that comScore will be able to do so, or that the Panel
will leave its decision in place.
announcing the foregoing. A copy of the press release is attached
as Exhibit 99.1 and is incorporated herein by reference.
Exhibit No.
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Description
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About comScore, Inc. (NASDAQ:SCOR)
comScore, Inc.( comScore) is a cross-platform measurement company that precisely measures audiences, brands and consumer behavior everywhere. comScore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. The Company’s unmatched data footprint combines digital, television and movie intelligence with vast demographic details to quantify consumers’ multiscreen behavior at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and global footprint in more than 75 countries, the Company is delivering the future of measurement. comScore, Inc. (NASDAQ:SCOR) Recent Trading Information
comScore, Inc. (NASDAQ:SCOR) closed its last trading session down -0.22 at 29.60 with 287,669 shares trading hands.