Bolder Technologies Receives Notice from Nasdaq
Bolder Technologies (Golden, CO) reported that it received a notice from the Nasdaq National Market that it is not in compliance with Nasdaq continued listing standards. Among other things, those standards require that Bolder's common stock must trade above $1 for at least 10 consecutive trading days prior to May 22, 2001. If Bolder's common stock does not trade at this level during the required time period, Nasdaq could delist Bolder's common stock as early as the opening of business on May 23, 2001.
Bolder also announced that both Target and Wal-Mart will discontinue selling the SecureStart portable jump starter in the spring of 2001. The company will continue to distribute the product through its other current distribution and retail partners, which include Sears and Pep Boys.
Bolder is continuing to work with its outside advisors to develop strategic alternatives.
To date, the company has been unsuccessful in attracting additional financing; its activities are now focused on selling the company to a strategic buyer.