Dial Global To Delist From NASDAQ
November 15, 2012 at 4:28 PM (PT)
DIAL GLOBAL, INC. has notified the NASDAQ Stock Market of its intention to voluntarily delist from its Global Market. The decision to voluntarily delist from NASDAQ was taken following a review by the Company's Board of Directors, which determined that a delisting would be in the best interests of the Company.
In reaching this conclusion, the Company's Board of Directors considered numerous factors, including, among other things, the compliance costs and obligations that result from the maintenance of the Company's listing on NASDAQ, the relatively limited historical volume of trading in the Company's common stock, the applicable federal securities laws and the applicable NASDAQ rules.
The Company currently anticipates that it will file a Form 25 with the U.S. SECURITIES AND EXCHANGE COMMISSION on or about NOVEMBER 26th, 2012 to commence the delisting process. It is expected that the delisting will take effect on or about DECEMBER 6th, 2012.