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SAExploration Receives Nasdaq Notification Letter

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SAExploration Holdings, Inc. (NASDAQ: SAEX) today
announced that, due to the previously disclosed delay in the filing of
its Quarterly Report on Form 10-Q for the quarter ended…

SAExploration Holdings, Inc. (NASDAQ: SAEX) today
announced that, due to the previously disclosed delay in the filing of
its Quarterly Report on Form 10-Q for the quarter ended June 30, 2013
(“Q2 2013”), SAE received a notification letter from the Listing
Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on
August 20, 2013. The letter, which was issued in accordance with
standard Nasdaq procedure and states that SAE is no longer in compliance
with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to
timely file periodic financial reports with the Securities and Exchange
Commission.

As previously disclosed, SAE made a determination to restate its
financial statements for the quarter ended March 31, 2013 (“Q1

See full press release

Posted-In: News Guidance Contracts Management Global

 

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