Avistar Threatened with Delisting on Nasdaq

San Mateo-based Avistar Communications Corp. (AVSR) on Thursday announced that it has received a notice from the Nasdaq Stock Market indicating that its eligibility for continued listing is under review.

The notice, received Nov. 6, indicates that Avistar does not comply with requirements that the company have a minimum of $2.5 million in stockholders’ equity or $35 million in market value of listed securities or $500,000 of net income for the most recent fiscal year or two of the three most recent fiscal years.

Avistar plans to submit a plan for regaining compliance by Nov. 21, the company said in a statement.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Yahoo, VMWare fall as market plunges
Next story
Business briefs: Slow times ahead

Just Posted

Volunteers Kyle Esguerra, left, and Kara Church prepare bags of fresh produce to be distributed at a San Francisco-Marin County Food Bank pop-up pantry at Bessie Carmichael Elementary School in The City on July 22. (Kevin N. Hume/The Examiner)
‘Food is a human right,’ so why do so many in San Francisco go without?

Solid solutions for a real problem

Ali Jamalian, whose life was disrupted in the wake of being charged with possession decades ago, now heads up Sunset Connect, a cannabis manufacturing company. (Kevin N. Hume/The Examiner)
Green Rush: Cannabis equity program elevates unexpected entrepreneurs

‘It’s a form of reparations for those of us who were ruined by cannabis arrest’

The Giants and Dodgers face each other again following a May series the Dodgers swept; Dodgers shortstop Gavin Lux caught stealing by Giants second baseman Donovan Solano at Oracle Park on May 23 is pictured. Chris Victorio/ Special to The Examiner
Giants vs. Dodgers: What you need to know before this week’s huge series

By Chris Haft Special to The Examiner That grinding noise you’ll hear… Continue reading

San Francisco supervisors approved zoning changes that will allow a chain grocery store to occupy the bottom floor of the 555 Fulton St. condo building. (Kevin N. Hume/The Examiner)
Trader Joe’s approved for Hayes Valley, bringing long-awaited grocery store

New Seasons Market canceled plans at 555 Fulton St. citing construction delays

The bartender at the Top of the Mark served a refreshing Virgin Cucumber Mint Collins. (Saul Sugarman/Special to The Examiner)
On sobriety, or: What it’s like to write about cocktails when I don’t drink

The issue for me is the destructive cycle

Most Read