Message #1645 From:
Stock News Bot Date: September 21, 2009 10:02:01 AM
IMMR News, Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 12, 2009, Immersion Corporation (“
Immersion
”)
received a letter from the Nasdaq Stock Market (“
Nasdaq
”)
stating that Immersion violated Nasdaq Marketplace Rule 5250(c)(1) as a
result of its delayed filing of its Quarterly Report on Form 10-Q for
the period ended June 30, 2009.
Immersion has 60 calendar days, or until October 13, 2009, to submit to
Nasdaq a plan to regain compliance with the Nasdaq listing
rules. Immersion intends to submit a plan to regain compliance within
this 60-day period. If Nasdaq accepts Immersion’s plan, Immersion will
have up to 180 calendar days from the filing’s due date, or until
February 8, 2010, to regain compliance. If Nasdaq does not accept
Immersion’s plan, Immersion will have the opportunity to appeal that
decision to the Nasdaq Listing Qualifications Panel.
Immersion issued a press release on August 17, 2009 disclosing its
receipt of this letter. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated by reference herein.
