SBS Common Stock Moves To NASDAQ's Global Market
May 23, 2014 at 4:25 AM (PT)
SPANISH BROADCASTING SYSTEM received approval earlier this week from THE NASDAQ STOCK MARKET to transfer the listing of the Company's common stock from The NASDAQ Capital Market to The NASDAQ Global Market.
The NASDAQ Global Market is one of the three markets for NASDAQ-listed stocks and operates similarly to The NASDAQ Capital Market. Companies listed on The NASDAQ Global Market must meet certain financial requirements and adhere to NASDAQ's corporate governance standards. The Company's common stock began trading on The NASDAQ Global Market at the opening of business on TUESDAY, MAY 20th.
The Company's common stock will continue to trade under the symbol "SBSA."