Great Lakes faces penny-stock status if it flunks Nasdaq's asset test
Nasdaq has not accepted Great Lakes Aviation's plan to meet the minimum net tangible assets test to continue its stock listing. As of March 31, Great Lakes did not have $4 million in assets. A hearing is planned, and if Nasdaq is not convinced, the United Express carrier could be limited to trading...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
