Nasdaq Market Woes for Spire Corporation

[] In the same week that Spire Corporation secured a contract to provide a 10 MW solar photovoltaic (PV) manufacturing line for Hyundai Heavy Industries, the company also received a potential delisting notification from the Nasdaq stock market. Among the requirements to be listed on the Nasdaq is compliance with a $10 million dollar minimum stockholders’ equity requirement — which Spire is no longer in compliance with, according to the market company. Nasdaq staff is reviewing Spire’s eligibility for continued National Market listing and has requested that the Spire provide additional information which might bolster their case for remaining on the Nasdaq.
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