Matthews Drops Appeal of Stock Delisting Plan
Matthews Studio Equipment Group in Burbank has withdrawn its appeal of Nasdaq’s intended delisting of the company’s stock from the SmallCap Market. Instead, the company is working to secure permission to trade on Nasdaq’s over-the-counter market.
The company is reorganizing under voluntary Chapter 11 U.S. Bankruptcy Code protection.
Matthews supplies professional equipment to the entertainment production industry.
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