COPSYNC, INC. (NASDAQ:COYN) 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.
COPSYNC, INC. (NASDAQ:COYN) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On November 18, 2016, COPsync, Inc. (the “Company”) received notice from the Listing Qualifications Staff (the “Staff”) of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that, unless the Company timely requests a hearing before the NASDAQ Hearings Panel (the “Panel”), the Company’s securities were subject to suspension and subsequent delisting from NASDAQ based upon the Company’s non-compliance with the applicable $2.5 million stockholders’ equity requirement set forth in NASDAQ Listing Rule 5550(b). The Staff had previously granted the Company an extension through November 16, 2016 to evidence compliance with that requirement.
The Company intends to request a hearing before the Panel, at which hearing it will present its plan to satisfy the $2.5 million stockholders’ equity requirement and request the continued listing of its common stock on NASDAQ pending its return to compliance. The Company’s timely request for a hearing will stay any delisting action by the Staff and the Company’s securities will continue to trade on The NASDAQ Capital Market under the symbol “COYN” at least pending the ultimate outcome of the hearing and the expiration of any extension period that may be granted by the Panel in response to the Company’s request for continued listing on NASDAQ.
About COPSYNC, INC. (NASDAQ:COYN)
COPsync, Inc. operates a law enforcement mobile data information system in the United States. The Company provides COPsync Network service, which is a real-time, in-car information sharing, communication and data interoperability network, which is delivered through software as a service. The Company offers the COPsync911 threat alert service for use in schools, hospitals, day care facilities, Government office buildings and other facilities. The COURTsync service enables judges and court personnel to instantly send emergency alerts directly to the closest law enforcement officers in their patrol vehicles and to the local 911 dispatch center, from any computer within the facility. The Company also augments other services with its own law enforcement in-car video system, named VidTac. The Company’s VidTac is an in-vehicle video system, software driven, digital in-car video system for law enforcement. COPSYNC, INC. (NASDAQ:COYN) Recent Trading Information
COPSYNC, INC. (NASDAQ:COYN) closed its last trading session down -0.026 at 0.950 with 6,426 shares trading hands.
COPsync, Inc. operates a law enforcement mobile data information system in the United States. The Company provides COPsync Network service, which is a real-time, in-car information sharing, communication and data interoperability network, which is delivered through software as a service. The Company offers the COPsync911 threat alert service for use in schools, hospitals, day care facilities, Government office buildings and other facilities. The COURTsync service enables judges and court personnel to instantly send emergency alerts directly to the closest law enforcement officers in their patrol vehicles and to the local 911 dispatch center, from any computer within the facility. The Company also augments other services with its own law enforcement in-car video system, named VidTac. The Company’s VidTac is an in-vehicle video system, software driven, digital in-car video system for law enforcement. COPSYNC, INC. (NASDAQ:COYN) Recent Trading Information
COPSYNC, INC. (NASDAQ:COYN) closed its last trading session down -0.026 at 0.950 with 6,426 shares trading hands.
