other material
confidence high
sentiment negative
materiality 0.85
Aspen Group voluntarily delists from Nasdaq; last trading day March 31, 2023
ASPEN GROUP, INC.
- Voluntary delisting from The Nasdaq Global Market; last day of trading expected March 31, 2023.
- Reasons cited: anticipated financial savings, lower operating costs, reduced compliance burden, simpler governance.
- Company had been noncompliant with Nasdaq minimum bid price rule of $1.00 since September 2022.
- Expects common stock to be quoted on OTC Pink platform; no guarantee broker will make a market.
- Will file Form 25 on March 23, 2023 to delist and Form 15 on April 30, 2023 to suspend SEC reporting.