Nasdaq Delists Pareteum Corporation

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Pareteum Corporation announced that the Company notified the Hearings Panel of The Nasdaq Stock Market LLC that it would not be able to file its Quarterly Report on Form 10-Q for the period ended September 30, 2019, its amended Annual Report on Form 10-K/A for the year ended December 31, 2018, its Annual Report on Form 10-K for the year ended December 31, 2019 or its Quarterly Reports on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020 (collectively, the Delinquent Filings) by November 9, 2020, the date by which the Panel had required the Company to make such Delinquent Filings in order for the Company’s common stock to remain listed on Nasdaq.

In response to the Company’s notice to Nasdaq that it would not satisfy the conditions to the exception granted by the Panel, Nasdaq notified the Company be letter dated November 10, 2020 that the Company’s common stock would be delisted and that trading of the Company’s common stock on Nasdaq’s Capital Market will be suspended effective at the open of business on November 12, 2020.

After the trading of the Company’s common stock is suspended by Nasdaq, the common stock is expected to trade on the Pink OTC Markets, Inc.

 

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