ACT To Complete SEC Statements, Apply For Re-Listing
Worcester-based Advanced Cell Technology Inc. says it will complete earnings statements dating back to the second quarter of 2008 as well as the full year's statement and plans to apply to relist its shares on the over-the-counter bulletin board.
The company, which is developing stem cell-based medicines, said it would file its second- and third-quarter earnings statements by the end of the month. Once the quarterly reports are complete, the company will work with its auditors to complete its earnings report for all of 2008.
ACT was delisted last July after missing two earnings filing deadlines. Once its 2008 report is complete, the company intends to apply for re-listing to the over-the-counter bulletin board, an electronic trading service.
While trading on the bulletin board, companies must file regular reports with the U.S. Securities and Exchange Commission, but are not subject to listing requirements such as those that govern the Nasdaq and NYSE stock markets.
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