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Article: New World Power Corporation Announces Change to Nasdaq Listing
- Article from:
- PR Newswire
- Article date:
- October 9, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LIME ROCK, Conn., Oct. 9 /PRNewswire/ -- The New World Power Corporation (Nasdaq-NNM: NWPC) has announced that effective October 10, 1996, the Company's common stock will be listed on the Nasdaq Small Cap Market via an exception from the minimum bid price. While New World Power was notified of its failure to meet this requirement in August 1996, the Company was granted a temporary exception from this standard subject to New World Power meeting certain conditions. These conditions are accomplishing a 5:1 reverse stock split and entering into a definitive joint venture agreement with Dominion Bridge Corporation by October 31, 1996. The Company believes that it can meet ...