Toiletries Firm to Fall From NASDAQ List
LAGUNA HILLS —
William & Clarissa Inc., a maker of toiletries for children, said Friday that its common stock will be deleted from NASDAQ because it no longer meets the minimum capital requirement of $250,000 for over-the-counter trading.
The Laguna Hills company, whose stock traded at less than $1 a share, has been facing a cash crunch and earlier this month hired First Boston Corp. to raise $5 million to $10 million to pay for marketing of its personal-care products for young children.
In a prepared announcement, the company said it hopes to raise more capital and requalify for a spot on NASDAQ.
