UniTek Global Services, Inc. provides technical services to the wireless telecommunications, public safety, satellite television, and broadband cable industries in the United States and Canada. The company operates in two segments, Fulfillment, and Engineering and Construction. It offers installation and fulfillment services, including inventory warehousing and logistics, customer service and call center management, fleet management, and risk and safety compliance services. The company also provides construction and project management services for wireless telecommunications infrastructure, which include site acquisition, tower construction, equipment upgrades, radio frequency and network de...
1777 Sentry Parkway West
Blue Bell, PA 19422
UniTek Global Services, Inc.(OTCPK:UNTK) dropped from NASDAQ Telecom Index
Sep 9 14
UniTek Global Services, Inc. will be removed from the NASDAQ Telecom Index.
UniTek Global Services, Inc.(NasdaqGM:UNTK) dropped from NASDAQ Composite Index
Aug 20 14
UniTek Global Services, Inc. will be removed from the NASDAQ Composite Index.
Listing Qualifications Staff Determines To Delist UniTek Global Services’ Securities From NASDAQ
Aug 13 14
As previously disclosed, on May 22, 2014, the UniTek Global Services, Inc. received a letter from the Listing Qualifications Staff (Staff) of The NASDAQ Stock Market LLC (NASDAQ) indicating that the Company was not in compliance with certain of the requirements for continued listing on The NASDAQ Global Market, as particularly set forth in NASDAQ Listing Rule 5450(b)(1)(A) (Rule), because the Company reported a stockholders’ deficit of $7,726,000 in its Quarterly Report on Form 10-Q for the quarter ended March 29, 2014. NASDAQ Listing Rule 5450(b)(1)(A), in pertinent part, requires the Company to maintain a minimum of $10,000,000 in stockholders’ equity. On July 7, 2014, the Company submitted its plan to regain compliance with the Rule. Thereafter, by letter dated August 12, 2014, the Staff notified the Company that it had determined to delist the Company’s securities from NASDAQ based upon its determination that the Company did not provide a definitive plan to evidence compliance with the Rule. Accordingly, unless the Company requests an appeal of the Staff’s determination, trading in the Company’s common stock will be suspended effective with the open of business on August 21, 2014, and NASDAQ will take action to formally remove the Company’s securities from listing and registration on NASDAQ by filing a Form 25-NSE with the Securities and Exchange Commission. The Company is considering an appeal of the Staff’s determination, which appeal must be filed with NASDAQ by no later than August 19, 2014. If the Company does not pursue an appeal, or if the appeal is unsuccessful, the Company intends to promptly pursue the inclusion of its common stock in an OTC market.