Orbital Infrastructure Group Aktie

Orbital Infrastructure (NASDAQ: OIG ) stock is taking a beating on Thursday after getting hit with a delisting warning from the Nasdaq Exchange. The big news here is the company's late filing of its Form 10-Q for the quarter that ended on June 30, 2023.» Mehr auf investorplace.com

Receives Commitment from Existing Secured Lenders for $15.0 Million in Debtor-in-Possession Financing HOUSTON , Aug. 23, 2023 /PRNewswire/ -- Orbital Infrastructure Group Inc. (NASDAQ: OIG) (the "Company"), announced today that it and certain of its subsidiaries (Orbital Solar Services, L.L.C., Orbital Power, Inc., Orbital Gas Systems, North America, and Eclipse Foundation Group, Inc.) have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").» Mehr auf prnewswire.com

HOUSTON , Aug. 23, 2023 /PRNewswire/ -- Orbital Infrastructure Group Inc. (NASDAQ: OIG) (the "Company"), today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq") on August 18, 2023 notifying the Company that (i) the Company's failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, in violation of Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), serves as an additional basis for delisting the Company's securities from Nasdaq, and (ii) the Nasdaq Hearings Panel will consider this matter in rendering a determination regarding the Company's continued listing on Nasdaq. As previously disclosed, on December 28, 2022, the Company was notified by Nasdaq that the market value of its listed securities had been below the $35,000,000 minimum required for continued listing as set forth in Nasdaq Listing Rule 5550(b)(2) for the previous 30 consecutive trading days.» Mehr auf prnewswire.com