Jerry’s Famous Deli to Deregister Stock
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Studio City-based restaurant operator Jerry’s Famous Deli said it filed to deregister its common stock and will cease filing financial statements with securities regulators.
Jerry’s shares were delisted from the Nasdaq SmallCap market this week for failing to meet certain Nasdaq standards. The company said its move to deregister the shares will mean they will no longer trade on the electronic Bulletin Board, though they may still trade over the counter among brokerages.
Jerry’s repurchased 719,000 shares in September, leaving relatively few shares in public hands.
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