Equity capital is a major source of funding for publicly traded companies. In exchange for investor capital, however, companies must meet certain criteria in order to maintain their public listing, and most importantly, the public's trust. One such requirement is timely financial disclosure. CreditPulse will provide coverage of the listing requirements for the three major U.S. stock exchanges as well as cover select companies that have been de-listed either voluntarily or involuntarily. Aspen Technology De-listed From NASDAQ
New York, February 19, 2008 -- Aspen Technology, Inc., a software and computer programming company based in Burlington, Massachusetts, has been delisted from NASDAQ as of the opening of trading on February 19, 2008 for failing to meet the latest in a series of missed filing deadlines. As of February 19th, Aspen still had not filed a Form 10K annual report for its fiscal year ended June 30, 2007, which was due in mid-September 2007. Aspen was 15 days late in filing its 2006 10K.
New York, November 30, 2007 -- The Securities and Exchange Commission (SEC) delisted the stock of SIRVA, Inc. (SIR), a publicly-traded trucking and relocation services company headquartered in Westmont, Illinois. The New York Stock Exchange suspended trading in the stock 11 days earlier.
