Hub Group Faces Nasdaq Delisting Threat Amid Restatement

Hub Group is challenging a formal Nasdaq delisting notice triggered by delayed financial reports stemming from an accounting error discovered in February. The intermodal marketing firm aims to complete its restatement by the fourth quarter while seeking a hearing to preserve its listing status.
According to GN stocks/nasdaq, Hub Group must submit its appeal by Wednesday to trigger a mandatory 15-day stay of the delisting action. The company has also formally requested that its shares remain listed on the Nasdaq Global Select Market while the 30-to-45-day hearing process unfolds.
Source: Yahoo FinanceHub Group is appealing a Nasdaq delisting notice triggered by delayed filings linked to an accounting error discovered in February.
Source: freightwaves.com






