DS HEALTHCARE GROUP, INC. (NASDAQ:DSKX) 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 Company previously had received a notice from the staff of Nasdaq that the staff was recommending the delisting of the Company’s common stock. to that notice (which was previously filed with the SEC on form 8-K) the Company requested a hearing on the delisting recommendation, which hearing was held on November 10, 2016. On December 21, 2016, the Company received a letter from the Hearing Panel stating that the Company securities will be suspended from trading effective at the opening of business on December 23, 2016. The Hearing Panel determined that the Company delisting is to listing rule 5101 and 5250(a)(1).
About DS HEALTHCARE GROUP, INC. (NASDAQ:DSKX)
DS Healthcare Group, Inc., doing business as DS Laboratories, is a personal care, product development and marketing company. The Company develops and markets branded personal care products that address thinning hair conditions, skin care and other personal care needs. It develops technologies and products for hair care and personal care needs. Its technologies include Liposome Technology, which acts as a carrier agent, and is designed to enhance the act ion of the active ingredients in its products, and Nanosome Technology, which acts as a delivery vehicle, and is designed to infuse active compounds into targeted cells. The Company products are primarily sold under its DS Laboratories brand. It also sells certain products under its Polaris Labs and Sigma Skin brands. It markets and sells these products through salons, spas, department stores, specialty retailers and distributors. The Company offers products under three product categories: Hair Care, Skin Care and Personal Care. DS HEALTHCARE GROUP, INC. (NASDAQ:DSKX) Recent Trading Information
DS HEALTHCARE GROUP, INC. (NASDAQ:DSKX) closed its last trading session at 0.660 with 102,094 shares trading hands.