HOH’s Trading Symbol Revised Over Funding

HOH Water Technology in Newbury Park said its stock trading symbol was changed by the National Assn. of Securities Dealers to indicate that HOH fails to meet the NASD’s minimum capital requirements.

HOH’s securities trade on the over-the-counter market, which is governed by the NASD.

But HOH, which is developing a water-filtration system for the housing and industrial markets, said it will again meet the NASD’s conditions because the Economic Development Bank for Puerto Rico recently approved a $2-million financing plan for it. The company’s main factory is planned to open in Puerto Rico.

The change resulted in the NASD adding a “C” to HOH’s trading symbols. Its common stock’s symbol is HOHIC. HOH’s units, which consist of common shares and warrants, have the new symbol HOHUC, and the warrants alone are HOHWC.

The “C” indicates that the NASD believes that the company’s capital might soon be increased to the NASD’s minimum requirements and that the NASD has granted HOH an exemption from its typical practice of dropping an under-capitalized stock from its listings.