Brief: Image Sensing Systems Announces Formation Of Special Committee To Conduct Comprehensive Review Of Strategic Alternatives

Autoscope Technologies

08/01/2021 21:48

Jan 8 (Reuters) - Image Sensing Systems Inc  ISNS.O :
    * IMAGE SENSING SYSTEMS - ON JAN 8, ANNOUNCED FORMATION OF A
SPECIAL COMMITTEE TO CONDUCT A COMPREHENSIVE REVIEW OF STRATEGIC
ALTERNATIVES
    * IMAGE SENSING SYSTEMS - SPECIAL COMMITTEE ANTICIPATED
DISCUSSING
RESULTS OF EVALUATION AT CO'S ANNUAL SHAREHOLDER MEETING USUALLY
HELD IN MAY
    * IMAGE SENSING - BOARD TERMINATED REVIEW IN OCT 2020, WHICH
DID
NOT ALLOW SUFFICIENT TIME FOR CO TO PREPARE, CONDUCT
SHAREHOLDERS MEETING DURING 2020
    * IMAGE SENSING - ON JAN 5, 2021, GOT LETTER FROM NASDAQ
NOTIFYING
CO THAT IT HAS NOT HELD AN ANNUAL MEETING OF SHAREHOLDERS WITHIN
TWELVE MONTHS
    * IMAGE SENSING - MUST SUBMIT A PLAN TO REGAIN COMPLIANCE
WITH
ANNUAL MEETING RULE TO NASDAQ ON OR BEFORE FEBRUARY 19, 2021

Source text: (https://bit.ly/3owy6eY)
Further company coverage:  ISNS.O 

 ((Reuters.Briefs@thomsonreuters.com;))