Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Contin
Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Contin
NEW YORK--(BUSINESS WIRE)-- Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ:CLUB) received a notice on July 7, 2020 from the Listing Qualifications Department of Nasdaq indicating that as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the “Report”), the Company no longer complies with the continued listing requirements as set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Global Market, subject to the Company’s compliance with other applicable continued listing requirements.
纽约--(美国商业资讯)--城市体育国际控股公司(“TSI”或“公司”)(纳斯达克：俱乐部)于2020年7月7日收到纳斯达克上市资格部的通知，指出由于本公司未能及时提交截至2020年3月31日的10-Q表格季度报告(“报告”)，本公司不再符合纳斯达克上市规则第5250(C)(1)条所载的继续上市要求。该通知对公司普通股的上市没有立竿见影的影响，普通股将继续在纳斯达克全球市场交易，条件是公司遵守了其他适用的持续上市要求。
The notice advises that under Nasdaq rules, the Company has 60 calendar days, or until September 8, 2020, to submit a plan to regain compliance with Nasdaq’s continued listing requirements. If Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the filing due date, until December 28, 2020, to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
通知建议，根据纳斯达克规则，公司有60个历日或至2020年9月8日提交计划，以重新遵守纳斯达克的持续上市要求。如果纳斯达克接受该计划，纳斯达克可以批准从申请到期日起至2020年12月28日的180个日历天的例外，以重新获得合规。如果纳斯达克不接受该计划，该公司将有机会向纳斯达克听证会小组提出上诉。
The Company’s management is working diligently to complete the Report and intends to file it as soon as practicable.
公司管理层正在努力完成这份报告，并打算在可行的情况下尽快提交。