HYPR has completed a one-for-ten reverse split and saved its Nasdaq listing.
biz.yahoo.com
HyperFeed Evidences Compliance with Current Nasdaq Listing Requirements
Thursday September 4, 6:00 pm ET
HyperFeed Stock Symbol to Change to "HYPRD" on September 5
CHICAGO--(BUSINESS WIRE)--Sept. 4, 2003-- HyperFeed Technologies, Inc. (Nasdaq:HYPCD - News), a provider of Managed Exchange Platform Services (MEPS) and H!BOX software and technologies, announces its compliance with the first requirements of the listing exception granted by the Nasdaq Listing Qualifications Panel.
Specifically, HyperFeed has demonstrated compliance with both the $2.5 million in stockholders' equity in the second quarter of 2003 and the $1.00 per share minimum bid price continued listing requirements. HyperFeed's securities will remain listed on the Nasdaq SmallCap Market through November 14, 2003 on or before which date HyperFeed must evidence at least $2.5 million in stockholders' equity to comply with the last requirement of the Nasdaq listing exception.
As a result of HyperFeed's compliance with the first requirements of the listing exception, its trading symbol will no longer bear a "C" qualifier as of September 5, 2003. The trading symbol will revert to "HYPRD." The "D" qualifier was added to denote the recent reverse split of the Company's stock and, on or about September 10, 2003, the symbol is scheduled to revert to its original "HYPR."
About HyperFeed Technologies, Inc.
HyperFeed's ticker plant technology and financial exchange managed services are designed specifically to support the delivery of real-time data, data management, data reporting, and value added services for use in distributing and receiving financial content with a competitive edge. Beginning with a comprehensive understanding of the diverse needs of the financial equities industry, the Company applies advanced technologies to the processing, delivery, distribution and access to financial market data. HyperFeed® offers one of the fastest, most complete and reliable managed exchange platform services that can be used with industry-leading APIs, third-party applications or online desktop solutions.
For more information, please visit HyperFeed's web site at www.hyperfeed.com.
Contact:
HyperFeed Technologies, Inc.
Mary Jane Mortell, 312-322-3599
mmortell@hyperfeed.com
Source: HyperFeed Technologies, Inc. |
