SEGG Media Requests Nasdaq Hearing and Stay Following Staff Determination
SEGG Media said it received a Nasdaq Staff Determination on October 14 stating that it had not regained compliance with the timely-filing requirement in Nasdaq Listing Rule 5250(c)(1). The company requested a hearing before the Nasdaq Hearings Panel and paid the applicable $20,000 hearing fee.
Why it matters — The determination concerns SEGG’s compliance with Nasdaq’s required financial-report filing deadlines, and the company has asked for a hearing to review it.