Com21 to Plead With Nasdaq

Com21 requests hearing in response to Nasdaq's delisting notice

December 30, 2002

1 Min Read

MILPITAS, Calif. -- Com21, Inc. (Nasdaq: CMTO), a leading global provider of system solutions for the broadband access market, announced that a hearing date has been set on January 23, 2003 to review the Nasdaq Staff's delisting determination before the Nasdaq Listing Qualifications Panel, with the outcome of the hearing expected sometime thereafter. At the hearing, the Company intends to present a plan to the Panel for achieving and sustaining compliance with the $1 minimum bid price and $2.5 million minimum stockholders equity requirements for continued listing on the Nasdaq SmallCap Market, which the Company does not currently meet. There can be no assurance the Panel will grant the Company's request for continued listing on the Nasdaq SmallCap Market.Com21 Inc.

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