Sharper Image gets Nasdaq esxtension |
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Published
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Thu, 11 Jan 2007 23:49
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SAN FRANCISCO (AFX) - Sharper Image Corp. said Thursday that Nasdaq granted the company's request for continued listing on the exchange, dependent on filing its late financial reports by March 1.The company has delayed filing its last two quarterly reports with the Securities and Exchange Commission as it conducts an internal investigation into its past stock options expensing practices. Failing to file fiscal reports in a timely manner is grounds for delisting.Sharper Image must also give Nasdaq additional information on its investigation by Feb. 20 as part of the deal. If the company fails to file its late and restated reports by March 1, it will again face being delisted.Shares of Sharper Image rose 5 cents to close at $9.50 on the Nasdaq.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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