Globes: Tower relists on Nasdaq Global Select Market
Published on Sep 06 2012 // Business and Financial News, Market
6 September 12 14:41–Specialty foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) today notified the US Securities and Exchange Commission (SEC) that Nasdaq has approved the company’s resumption of trading on the Nasdaq Global Select Market beginning tomorrow, Friday, September 7. The share is currently listed on the Nasdaq Capital Market.
Tower was relegated from the Nasdaq Global Market because its share price fell below $1 for a long time, and it was no longer in compliance with the listing rules. Following the company’s 15:1 reverse share split, the company was again in compliance with the Global Market listing rules…Read More>>
