Alpha Technologies Group Inc. (Los Angeles, CA) announced that it has received a letter from the NASDAQ Staff that it was no longer in compliance with Marketplace Rule 4450(a)(3), which requires National Market companies to maintain a minimum stockholders equity of $10 million, and was subject to a possible de-listing.
The company has requested a hearing to appeal the de-listing notification, requesting time to regain compliance. If the appeal is not granted, the company's common stock is eligible for listing on the NASDAQ Smallcap Market.
