Rentech pulling common shares from NASDAQ

Northern Ontario Business
October 10, 2017
Category: Business & Politics
Region: United States, US West

Low share value is compelling Rentech to voluntarily pull its common shares from the NASDAQ Capital Market, effective Oct. 16. In an Oct. 10 news release, the company said it was in contravention of NASDAQ’s Listing Rule and would be unable to comply. “The NASDAQ Listing Rule requires Rentech’s common shares to trade above $1 for 30 consecutive business days before Oct. 9, 2017, or 180 days from which Rentech received notification from NASDAQ regarding its noncompliance with the NASDAQ Listing Rule,” the release said. …In Northern Ontario, the California company owns and operates a wood pellet mill in Atikokan. In February, it announced the closure of its Wawa mill following operating issues.

Read More