Atlanta-based ebix.com has received permission from the NASDAQ Listing Qualification Panel that the company can continue trading on the NASDAQ SmallCap Market. Following a May hearing, the Panel decided to continue the listing of ebix’s common stock on the market, subject to certain restrictions.
In complying with the Panel’s findings, ebix must, no later than July 13, complete a filing with the SEC and NASDAQ indicating that it has either stockholders’ equity of at least $3,000,000 or net tangible assets amounting to $3,250,000 and must show continuing compliance with all requirements for continued listing on the NASDAQ SmallCap Market.
Following the completion of a pair of closings with BRiT Insurance Holdings PLC, along with having made the company profitable in the first quarter of 2001, ebix, which is a supplier of software and Internet solutions to the property/casualty insurance industry, expects to make the necessary filing and show compliance with all requirements for continuing listing on the market.
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