MAD CATZ INTERACTIVE, INC. (NYSEMKT:MCZ) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued |
On March 22, 2017, Mad Catz Interactive, Inc. (the Company) was
notified by NYSE MKT LLC (the NYSE MKT) that, due to the
abnormally low trading price of its common stock, the staff of
NYSE MKT Regulation has determined that the Company is no longer
suitable for listing to Section 1003 of the NYSE MKT Company
Guide. Trading in the Companys common stock on the NYSE MKT has
been suspended and the NYSE MKT has determined to commence
proceedings to delist the Companys common stock.The NYSE MKT will
apply to the Securities and Exchange Commission to delist the
Companys common stock upon completion of all applicable
procedures, including any appeal by the Company of the NYSE MKT
Regulation staffs decision.
Effective March 23, 2017, the common stock of the Company will
commence trading on the OTC Pink marketplace under the symbol
MCZAF. The Company can provide no assurance that its common stock
will continue to trade on this market, whether broker-dealers
will continue to provide public quotes of the Companys common
stock on this market, whether the trading volume of the Companys
common stock will be sufficient to provide for an efficient
trading market or whether quotes for the Companys common stock
may be blocked by OTC Markets Group in the future.
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Item 7.01 |
Regulation FD Disclosure |
On March 23, 2017, the Company issued a press release announcing
the NYSE MKTs suspension of trading and commencement of delisting
procedures, as described in Item 3.01. A copy of this press
release is furnished herewith as Exhibit 99.1 and incorporated
herein by reference. In accordance with General Instruction B.2
of Form 8-K, the information contained in this Item 7.01 and the
press release are being furnished under Item 7.01 of Form 8-K and
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of that section, nor
shall such information and exhibit be incorporated by reference
into any filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
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Item 9.01. |
Financial Statements and Exhibits |
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(d) |
Exhibits. |
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99.1 |
Press Release, dated March 23, 2017. |
MAD CATZ INTERACTIVE, INC. (NYSEMKT:MCZ) Recent Trading Information
MAD CATZ INTERACTIVE, INC. (NYSEMKT:MCZ) closed its last trading session at with 267,934 shares trading hands.