Stan Lee to appeal planned delisting

Cyberbiz Brief

Shuttered online entertainment venture Stan Lee Media said Monday it plans to appeal a possible move by the Nasdaq Small Cap Market to delist the company’s stock. Nasdaq officials cited Stan Lee Media’s recent filing for Chapter 11 bankruptcy protection, the staff’s concerns regarding residual interest of the existing securities holders and the company’s inability to demonstrate that it can sustain compliance with all requirements necessary for continued listing on Nasdaq.

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