Qualstar Corp: Down on plans to delist from Nasdaq
13/04/2020 14:40
** Data storage solution provider's shares QBAK.O fall
24.4% to $1.86 after co announces plan to delist from Nasdaq
** Company said the benefits to listing did not justify
costs of maintaining listing urn:newsml:reuters.com:*:nBw87bKRca
** QBAK also said it expected cost savings from delisting to
be about $300,000 per year and will reallocate funds to product
and sales expansion
** Stock has fallen 65.6% this year
(Reporting by Arindam Sinha)
((Arindam.Sinha@thomsonreuters.com))
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Qualstar Corp: Down on plans to delist from Nasdaq
Brief: Qualstar - Expected Cost Savings From Delisting Will Be About $300,000 Per Year