P10 Industries Inc. (PX)

[Slojab]

The delisting and move down to the OTC won't happen until later this year, most likely after everything involving this acquisition has taken place.

The deficiency letter was released in an 8-K filing over the summer. Here's the part regarding the timing.

On June 8, 2016, Active Power, Inc., a Delaware corporation (the “Company”), received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5550(a)(2) ( “Rule 5550(a)(2)”). The NASDAQ deficiency letter has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on the NASDAQ under the symbol “ACPW” at this time.



In accordance with NASDAQ Listing Rule 5801(c)(3)(a), the Company has been given 180 calendar days, or until December 5, 2016, to regain compliance with Rule 5550(a)(2). If at any time before December 5, 2016, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff will provide written notification that the Company has achieved compliance with Rule 5550(a)(2).

The delisting will happen as a result of the acquisition, though.