There was a 10 day gap between the filing and the resumption of trading. In the mean time the distressed investing community was able to reconcile the Asset Purchase Agreement to the SEC filings and the other relevant first-day motions. Thus, there was no pronounced or prolonged panic selloff.
EAR’s major shareholders include: •Siemens Hearing Instruments, Inc the division of Siemens AG (NYSE: SI) responsible for hearing aids. This division owns (as of the SC-13D filing on 3/17) 14.1% of EAR. •Arcadia Capital Advisors, LLC, an activist hedge fund which owns (as of the SC-13D filing on 3/18) 9.5% of EAR.