×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Penton submits plan to avoid NYSE delisting

Published on .

Cleveland--Penton Media Inc. has submitted a plan to the New York Stock Exchange outlining how it intends to comply with the NYSE's continued listing criteria.

The NYSE notified Penton Sept. 9 that it had fallen below the exchange's minimum $15 million average market capitalization over a 30-day trading period.

If the NYSE rejects Penton's plan, the company's common stock will be subject to trading suspension and delisting.

If Penton's shares are delisted from the NYSE, the company said it will pursue having them included on the OTC Bulletin Board.

Penton shares closed Friday at 45 cents per share, for a market capitalization of $14.6 million.

--Sean Callahan

Most Popular
In this article: