Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Contin
Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Contin
NEW YORK--(BUSINESS WIRE)-- Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ:CLUB) received a notice on July 7, 2020 from the Listing Qualifications Department of Nasdaq indicating that as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the “Report”), the Company no longer complies with the continued listing requirements as set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Global Market, subject to the Company’s compliance with other applicable continued listing requirements.
紐約--(美國商業資訊)--城市體育國際控股公司(“TSI”或“公司”)(納斯達克：俱樂部)於2020年7月7日收到納斯達克上市資格部的通知，指出由於本公司未能及時提交截至2020年3月31日的10-Q表格季度報告(“報告”)，本公司不再符合納斯達克上市規則第5250(C)(1)條所載的繼續上市要求。該通知對公司普通股的上市沒有立竿見影的影響，普通股將繼續在納斯達克全球市場交易，條件是公司遵守了其他適用的持續上市要求。
The notice advises that under Nasdaq rules, the Company has 60 calendar days, or until September 8, 2020, to submit a plan to regain compliance with Nasdaq’s continued listing requirements. If Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the filing due date, until December 28, 2020, to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
通知建議，根據納斯達克規則，公司有60個歷日或至2020年9月8日提交計劃，以重新遵守納斯達克的持續上市要求。如果納斯達克接受該計劃，納斯達克可以批准從申請到期日起至2020年12月28日的180個日曆天的例外，以重新獲得合規。如果納斯達克不接受該計劃，該公司將有機會向納斯達克聽證會小組提出上訴。
The Company’s management is working diligently to complete the Report and intends to file it as soon as practicable.
公司管理層正在努力完成這份報告，並打算在可行的情況下儘快提交。
