Brief: Schmitt Industries Announces Intention To Delist And Deregister Its Common Stock

Schmitt Industries

04/02/2020 13:47

Feb 4 (Reuters) - Schmitt Industries Inc  SMIT.O :
    * SCHMITT INDUSTRIES ANNOUNCES INTENTION TO DELIST AND
DEREGISTER
ITS COMMON STOCK
    * SCHMITT INDUSTRIES INC - SMIT'S CURRENT SHAREHOLDERS WILL
REMAIN
SHAREHOLDERS OF COMPANY
    * SCHMITT INDUSTRIES - ANNOUNCED INTENTION TO DELIST COMMON
STOCK
FROM NASDAQ STOCK MARKET AND LIST ON OTC PINK MARKET
    * SCHMITT INDUSTRIES - DOES NOT EXPECT DELISTING TO HAVE ANY
ADVERSE EFFECTS ON BUSINESS OPERATIONS
    * SCHMITT INDUSTRIES INC - CURRENTLY ANTICIPATES THAT IT
WILL FILE
WITH SEC FORM 25 RELATING TO DELISTING OF COMMON UNITS ON OR
ABOUT FEB 14, 2020
    * SCHMITT INDUSTRIES - EXPECTS COMMON STOCK TO BEGIN TRADING
ON
OTC MARKET'S PINK MARKET UNDER CO'S CURRENT TRADING SYMBOL
"SMIT"
    * SCHMITT INDUSTRIES INC - DELISTING OF COMMON STOCK FROM
NASDAQ
COULD IMPAIR LIQUIDITY AND MARKET PRICE OF COMMON STOCK

Source text for Eikon:  ID:nGNX7BLkZz 
Further company coverage:  SMIT.O 

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