September 26, 2001 |
Irvine Sensors Corp. shareholders approved a 1-for-20 reverse stock split, which takes effect today, in response to Nasdaq warnings that the shares could be delisted for falling below the $1 minimum price requirement. The Costa Mesa electronics products maker's stock, which has lost more than 88% of its value this year, closed Tuesday at 14 cents, off 4 cents a share, on the Nasdaq SmallCap market.
April 18, 2001 |
MedCom USA Inc. cut its U.S. staff by 20%--about 24 employees--to reduce costs, and said Tuesday it may be delisted from Nasdaq because it doesn't meet the minimum price requirement. The Irvine health care technology company had nearly 120 employees before the work force reduction and is continuing to evaluate costs.
March 16, 2001 |
Diedrich Coffee Inc., the struggling coffeehouse chain, said Thursday that several investment funds have agreed to invest a total of $6 million for new shares of the company's stock. The Irvine company, in an effort to prevent its shares from being delisted, also said it plans to ask shareholders to approve a 1-for-3 reverse stock split. The infusion comes from an investment group led by Westcliff Capital Management and that includes a fund managed by Diedrich Chairman Paul C.
April 29, 2000 |
Day Runner Inc., the struggling maker of daily organizers and planners, said Friday that its board of directors authorized a 1-for-5 reverse split of the company's stock. Under the reverse split, the Fullerton company would turn its total of more than 11.9 million shares outstanding into nearly 2.4 million shares. Day Runner said in a press release that it took the action to comply with Nasdaq listing requirements and "maintain its current listing."
CALIFORNIA | LOCAL
December 14, 1999
Jerry's Famous Deli, Studio City, said its board of directors has proposed a 1-for-3 reverse stock split to avoid delisting from the Nasdaq National Market on Dec. 27. The company intends to file an appeal with Nasdaq in order to maintain its current listing until a plan is in place to move to the Nasdaq SmallCap Market. If the company is delisted, it would be forced to move to the OTC Bulletin Board. Jerry's Famous Deli operates restaurants in Southern California and Florida.
March 26, 1999
Tivoli Industries in Santa Ana said a reverse 1-for-3 stock split, approved by the board earlier in an effort to boost the price above $1 and avoid losing its Nasdaq listing, is scheduled to take effect today at the close of business. Nasdaq has warned the company that its stock will lose its listing on the Nasdaq SmallCap market if the shares continue to trade below $1. The stock has been trading below $1 a share since Aug. 4.