other material
confidence high
sentiment positive
materiality 0.75
Autoscope Technologies to delist from Nasdaq, move to OTCQX, raise dividend to $0.13
AUTOSCOPE TECHNOLOGIES CORP
- Will file Form 25 on Dec 30, 2022; Nasdaq delisting effective Jan 9, 2023.
- Subsequently plans to deregister with SEC via Form 15, suspending SEC reporting.
- Common stock expected to trade on OTCQX after delisting; company will still provide quarterly updates.
- Quarterly dividend increased from $0.12 to $0.13 per share, citing improved profitability and cost savings.
- Board determined costs of Nasdaq listing and SEC reporting outweighed benefits; company has <300 shareholders.