Stereotaxis to Transfer to NASDAQ Capital Market
Stereotaxis, Inc. (NASDAQ: STXS) today announced that it received a positive determination from the NASDAQ Listing Qualifications Panel (the "Panel") on August 15, 2013 granting approval of the Company's request to transfer its listing to The NASDAQ Capital Market® from The NASDAQ Global Market®. The Company's securities will begin trading on the NASDAQ Capital Market effective at the start of trading on Monday, August 19, 2013. The transfer of the Company's listing to The NASDAQ Capital Market is not expected to have any impact on trading in the Company's shares, and the Company's shares will continue to trade on NASDAQ under the symbol STXS.
As previously disclosed, on July 25, 2013, the Company appeared before the Panel and requested the transfer of its listing from The NASDAQ Global Market to The NASDAQ Capital Market, pursuant to a plan to evidence compliance with the requirements for continued listing on The NASDAQ Capital Market. Following the hearing, the Panel determined that the Company appears to have evidenced compliance with those requirements. The Company's continued listing on The NASDAQ Capital Market is subject to the submission of a transfer application to NASDAQ and approval of the application by the