SAN JOSE, Calif., Oct. 6, 2015 /PRNewswire/ -- Quantum Corp. (NYSE:
QTM) today announced that the New York Stock Exchange has notified
the company that it is not in compliance with the NYSE's continued
listing standard requiring that stocks trade at a minimum average
closing price of $1 for 30
consecutive trading days.
Under NYSE rules, Quantum has six months from receipt of the
notification on Oct. 2, 2015, to
comply with the listing standard. The company's stock will continue
to be listed on the NYSE during this six-month period, subject to
compliance with other NYSE continued
listing requirements.
The NYSE notification has no impact on Quantum's business
operations.
About Quantum
Quantum is a leading expert in scale-out storage, archive and
data protection, providing solutions for capturing, sharing and
preserving digital assets over the entire data lifecycle. From
small businesses to major enterprises, more than 100,000 customers
have trusted Quantum to address their most demanding data workflow
challenges. With Quantum, customers can Be Certain™ they have the
end-to-end storage foundation to maximize the value of their data
by making it accessible whenever and wherever needed, retaining it
indefinitely and reducing total cost and complexity. See how at
www.quantum.com/customerstories.
Quantum, the Quantum logo and Be Certain are either registered
trademarks or trademarks of Quantum Corporation and its affiliates
in the United States and/or other
countries. All other trademarks are the property of their
respective owners.
Contact:
Brad
Cohen
Public Relations
Quantum Corp.
(408) 944-4044
brad.cohen@quantum.com
Brinlea Johnson or Allise
Furlani
Investor Relations
The Blueshirt Group
(212) 331-8424 or (212) 331-8433
brinlea@blueshirtgroup.com or allise@blueshirtgroup.com
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SOURCE Quantum Corp.