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02.16.2007 - Sonic Solutions Receives Notice from Nasdaq Due to Inability to timely file Form 10-Q



View SonicSolutions related news. Novato, California (February 16, 2007) — Sonic Solutions® (NASDAQ: SNIC)today announced that it will appeal and request a hearing before a Nasdaq Listing Qualifications Panel (Panel) in response to its receipt on February 13, 2007 of a Nasdaq Staff Determination from The Nasdaq Stock Market stating that Sonic’s common stock is subject to delisting from The Nasdaq Global Select Market. The notice, which Sonic expected, was issued as a result of Sonic’s inability to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2006. Timely filing of periodic reports with the Securities and Exchange Commission is a requirement for continued listing under Nasdaq Marketplace Rule 4310(c)(14). There can be no assurance that the Panel will grant Sonic’s request for continued listing.

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NID: 14997 / Submitted by: TACKtech Team
Categories: Press Release
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