Engex Notified by NYSE
Engex, Inc. (NYSE: EGX) has been notified by NYSE MKT of its intent to strike the Fund's common stock from the Exchange by filing a delisting application with the Securities and Exchange Commission. The Exchange's intention to have the Fund's common stock delisted is based on the Fund's failure to complete a plan to regain compliance with the Exchange's listing standards enumerated in Sections 1003(a)(iii) and 1003(b)(v)(A) of the NYSE MKT Company Guide.
Should the delisting application be approved by the SEC, the Fund intends to engage the services of an over-the-counter market maker in order to provide the Fund's stockholders continuous access to the marketplace.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.