NYSE Threatens To To Boot Imation

by Admin


Via News Release

“OAKDALE, Minn., Feb. 8, 2016 /PRNewswire/ —¬†Imation Corp. (NYSE: IMN) (“Imation” or the “Company”) today announced that on February 2, 2016, Imation Corp. (the “Company”) received a written notice from NYSE Regulation, Inc. (the “Notice”) stating that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the Listed Company Manual of the New York Stock Exchange (the “NYSE”). Such noncompliance is based on the Company’s average global market capitalization being less than $50 million over a consecutive 30 trading-day period and its stockholders’ equity being less than $50 million.”