SU Group (SUGP) announced that it received a letter from the staff of Nasdaq notifying it that unless the company requests an appeal, which it already has, the company’s securities will be scheduled for delisting from Nasdaq and will be suspended at the opening of business on September 26 and a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The company has already appealed Staff’s determination to a hearings panel. The hearing request stays the suspension of the company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The company’s shares will continue to trade uninterrupted on Nasdaq until the earlier of the deficiency being rectified or the appeal being heard by the panel.
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