Trinsic (NASDAQ:TRNCD)
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From Jun 2019 to Jun 2024
Trinsic, Inc. (NASDAQ/SC: TRNCD), parent company of
Trinsic Communications, Inc., a leading provider of traditional and IP
telephony services, announced today that it has received notice from
The Nasdaq Stock Market Inc. that it has regained compliance with
Marketplace Rule 4310(c)(4), relating to the maintenance of a minimum
$1.00 bid price. Trinsic regained compliance because the closing bid
price of its common stock was at $1.00 or more for at least ten
consecutive business days. Trinsic effected a one-for-ten reverse
stock split on September 29, 2005.
Trinsic's common stock continues to be listed on The Nasdaq
SmallCap Market via a temporary exception from Nasdaq's shareholders'
minimum equity/$35 million market value of listed securities/net
income requirement subject to the condition that Trinsic's Form 10-Q
for the quarter ended September 30, 2005 must report actual
stockholders' equity at September 30, 2005 of at least $2,500,000.
Trinsic's shares trade under the symbol "TRNCD." The "D" is a
temporary indicator of the reverse stock split. The "C" will be
removed from the symbol if Trinsic meets all the terms of the
exception and all other criteria for continued listing. After that the
symbol would return to "TRIN."
About Trinsic
Trinsic offers consumers and businesses traditional and IP
telephony services. Trinsic's products include proprietary services
such as Web-accessible, voice-activated calling and messaging features
that are designed to meet customers' communications needs
intelligently and intuitively. Trinsic is a member of the Cisco
Powered Network Program and makes its services available on a
wholesale basis to other communications and utility companies,
including Sprint. Trinsic, Inc. changed its name from Z-Tel
Technologies, Inc. on January 3, 2005. For more information about
Trinsic and its innovative services, please visit www.trinsic.com.