Delisting of Securities of Tandy Leather Factory, Inc. and Technical Communications Corporation from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market has announced the delisting of common stocks for Tandy Leather Factory and Technical Communications Corporation. Tandy Leather's stock has been suspended since August 13, 2020, while Technical Communications' stock was suspended on January 25, 2021. Nasdaq will file a Form 25 with the SEC to finalize these delistings, effective ten days following the filing. Investors are encouraged to review public filings for details on the delisting and potential trading alternatives.

Positive

• None.

Negative

• Tandy Leather Factory's stock has been suspended since August 13, 2020, indicating significant operational issues.
• Technical Communications Corporation's stock has been suspended since January 25, 2021, reflecting poor market performance.

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Tandy Leather Factory, Inc. Tandy Leather Factory, Inc.’s common stock was suspended on August 13, 2020 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Technical Communications Corporation. Technical Communications Corporation’s common stock was suspended on January 25, 2021 and has not traded on Nasdaq since that time.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

-NDAQO-

FAQ

What companies are being delisted from Nasdaq?

Tandy Leather Factory and Technical Communications Corporation are being delisted from Nasdaq.

Why is Tandy Leather Factory being delisted?

Tandy Leather Factory's common stock was suspended on August 13, 2020, due to significant operational issues.

What is the status of Technical Communications Corporation's stock?

Technical Communications Corporation's stock has been suspended since January 25, 2021, and is now being delisted.

What should investors do regarding these delistings?

Investors should review public filings for more information on the companies and potential trading alternatives.

How does the delisting process work on Nasdaq?

Nasdaq will file a Form 25 with the SEC to finalize the delistings, which become effective ten days after the filing.