Washington Post Publisher Will Lewis Steps Down After Layoffs 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Instagram Outage Disrupts Thousands of U.S. Users 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
OVERLAND PARK, Kan., Sept. 26, 2016 -- Cartesian™ (NASDAQ:CRTN), a leading provider of consulting services and managed solutions to the global telecom, media and technology industries, has received approval from the NASDAQ Stock Market (Nasdaq) of the Company’s request to transfer listing of its common stock to the Nasdaq Capital Market from the Nasdaq Global Market.
As previously disclosed, Cartesian received a letter from Nasdaq on August 22, 2016 that it no longer satisfied the minimum stockholders’ equity requirement for continued listing on the Nasdaq Global Market. In order to satisfy the minimum stockholders’ equity requirement, the Company applied to transfer the listing of its common stock to the Nasdaq Capital Market.
Cartesian expects its stock to begin trading on the Nasdaq Capital Market effective at the start of trading on Tuesday, September 27, 2016. The Company’s stock will continue to trade on Nasdaq under the symbol “CRTN.” The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial and corporate governance requirements to qualify for listing on the Nasdaq Capital Market.
As previously disclosed, Cartesian received a separate letter from Nasdaq on August 15, 2016, notifying the Company of its failure to maintain a minimum closing bid price of $1.00 over the preceding 30 consecutive business days for its common stock. The Company has until February 13, 2017 to demonstrate compliance with the minimum bid price requirement for continued listing. The transfer to the Nasdaq Capital Market will have no effect on this listing requirement or date.
About Cartesian, Inc.
Cartesian, Inc. (NASDAQ:CRTN) is a specialist provider of consulting services and managed solutions to leaders in the global communications, technology and digital media industries. Cartesian provides strategic advice, management consulting, and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York, Philadelphia and Washington. For more information, visit www.cartesian.com.
Investor Contact: Matt Glover or Najim Mostamand Liolios Group, Inc. 949-574-3860 [email protected]
