Hansen Receives Anticipated Nasdaq Delisting Letter
CORONA, Calif. - Hansen Natural Corporation (NASDAQ:HANS) says that it has received an additional Nasdaq Staff Determination letter, stating that the Company is not in compliance with the filing requirements for continued listing under Nasdaq Marketplace Rule 4310c(14) due to the delayed filing of the Company’s Form 10-K for the fiscal year ended December 31, 2006, and that this filing delinquency serves as an additional basis for delisting the Company’s securities from The Nasdaq Capital Market.
With respect to earlier delinquencies, the Nasdaq Listing Qualifications Panel (the “Panel”) has granted the Company’s request for continued listing of the Company’s securities on Nasdaq, subject to certain conditions as previously disclosed in the Company’s Form 8-K filed on March 1, 2007.
The Company has previously announced that a special committee is undertaking an investigation of option grants. The Company intends to file its Form 10-K as soon as practicable after the completion of the investigation by the special committee.
Based in Corona, California, Hansen Natural Corporation markets and distributes Hansen’s® Natural Sodas, Signature Sodas, fruit juice Smoothies, Energy drinks, Energade® energy sports drinks, E20 Energy Water®, Sparkling Lemonades and Orangeades, multi-vitamin juice drinks in aseptic packaging, Junior Juice® juice, iced teas, lemonades and juice cocktails, apple juice and juice blends, Blue Sky® brand beverages, Monster Energy® brand energy drinks, Lost® Energy™ brand energy drinks, Joker Mad Energy™, Unbound® Energy and Ace™ Energy brand energy drinks, Rumba™ brand energy juice, and Fizzit™ brand powdered drink mixes.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.