Westinghouse Solar up 20% on Continued Nasdaq Listing
Westinghouse Solar (NASDAQ: WEST) is trading higher on the session following the announcement yesterday that it was granted a continued Nasdaq listing.
Westinghouse Solar said in the news release, "The continued listing is subject to conditions including the following: on or before October 1, 2012, the Company will close the merger transaction with CBD Energy Ltd. Should events occur or information come to light that call into question whether the proposed merger will close by that date or whether CBD will qualify for listing on the NASDAQ Stock Market, the Company is to inform the Panel, which may determine at that time to delist the Company's shares if the Company is not fully in compliance with the requirements for listing."
The shares of Westinghouse Solar are currently trading at $0.4, a gain of $0.07 or 20.57%.
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