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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aileron Therapeutics Inc | NASDAQ:ALRN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -0.72% | 2.75 | 1.14 | 3.08 | 2.89 | 2.60 | 2.73 | 38,326 | 23:58:17 |
New York | 0-14807 | 11-2601199 | ||
(State or other jurisdiction
of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
One Jericho Plaza, Jericho, New York | 11753 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
On November 3, 2010, American Learning Corporation (the Company) (NASDAQ:ALRN) received notification from a Nasdaq Listing Qualifications Panel (the Panel) granting the Companys request for an extension of time, as permitted under the Listing Rules of The Nasdaq Stock Market (Nasdaq), to comply with the $1.00 per share minimum bid price requirement for continued listing. In accordance with the Panels decision, on or before February 28, 2011, the Company must evidence a closing bid price of $1.00 or more for a minimum of ten prior consecutive trading days. Under Nasdaqs rules, this date represents the maximum length of time that the Panel may grant to regain compliance. While the Company is diligently taking steps to comply with the Panels decision, there can be no assurances that the Company will be able to do so. |
On September 2, 2010, the Company had submitted an appeal of the Nasdaq Staff determination to the Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. In response to the Companys request, the Nasdaq Office of General Counsel held a hearing on October 7, 2010 at which time the Company was required to demonstrate its ability to regain compliance with the minimum bid price requirement. |
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits. |
Exhibit 99.1 |
Press Release of American Learning Corporation, dated November 4, 2010.
|
2
AMERICAN LEARNING CORPORATION
|
||||
Date: November 4, 2010 | By: | /s/ Gary Gelman | ||
Gary Gelman | ||||
President and Chief Executive Officer | ||||
3
Exhibit No. | Description | |||
99.1 |
Press Release of American Learning Corporation, dated November 4, 2010.
|
4
1 Year Aileron Therapeutics Chart |
1 Month Aileron Therapeutics Chart |
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