Dial Global's NASDAQ Delisting Gets Closer To Happening
January 16, 2013 at 6:33 AM (PT)
DIAL GLOBAL is finally wrapping up its NASDAQ delisting process. NASDAQ.com NOTES, "Not too long after OAKTREE's $71.3 million purchase, DIAL GLOBAL announced its decision to voluntarily delist from NASDAQ. The company's board reached the decision through consideration of several factors including the relatively limited historical trading volume of the company's common stock, the compliance costs from maintaining its NASDAQ listing, and the applicable laws and rules from the federal government and the exchange itself, among other things."
The company filed a Form 25 to the SEC in the end of NOVEMBER. Then on DECEMBER 19th, the company deregistered more than 2.6 million of its Class A common stock and more than 8.5 million shares of regular common stock.