Flash Sports & Media appeals Nasdaq trading suspension to Hearings Panel - FLZH News | RalliesFlash Sports & Media appeals Nasdaq trading suspension to Hearings Panel
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FLZH• Nasdaq suspension and appeal
- Flash Sports & Media Holdings shares were suspended by The Nasdaq Stock Market, shifting trading to the OTC market.
- Nasdaq's suspension followed a rules violation tied to the initial listing process timing around a change-of-control transaction.
- A Nasdaq Hearings Panel appeal has been submitted; the suspension remains in effect during the process.
Debt reduction and counterparties
- Debt holders cut outstanding debt by about $2 million in the past two trading days.
- Acquisition counterparties stayed engaged, granting more time while the Nasdaq appeal proceeds.
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