SBS Stock Moves To NASDAQ Capital Market
April 12, 2013 at 5:35 AM (PT)
SPANISH BROADCASTING SYSTEM has received approval from the NASDAQ STOCK MARKET to transfer the listing of the company's common stock from the NASDAQ GLOBAL MARKET to the NASDAQ CAPITAL MARKET.
The NASDAQ CAPITAL MARKET, reports YAHOO! FINANCE "is one of the three markets for NASDAQ-listed stocks and operates similarly to The NASDAQ GLOBAL MARKET. Companies listed on The NASDAQ CAPITAL MARKET must meet certain financial requirements and adhere to NASDAQ's corporate governance standards."
SBS's common stock began trading on the NASDAQ CAPITAL MARKET at the opening of business on WEDNESDAY, APRIL 10th, and will continue to trade under the symbol "SBSA."