Stock exchange accepts ZBB Energy’s compliance plan
ZBB Energy Corp., a Menomonee Falls-based developer of renewable energy power platforms, announced the NYSE Amex Exchange has accepted its compliance plan for continued listing.
On Dec. 2, 2010, the company received notice from the exchange staff indicating that the company was considered to be noncompliant with the requirements of the exchange’s Company Guide with respect to minimum stockholders’ equity.
On Feb. 4, the exchange staff notified the company that it had accepted the company’s compliance plan and granted the company an extension until June 12, 2012, to regain compliance with the continued listing standards. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the applicable extension periods could result in the company’s shares being delisted from the exchange. The company will be able to continue its listing during the plan period pursuant to the extension and will be subject to periodic review by the exchange staff.
Eric Apfelbach, the company’s president and chief executive officer, said, "We are executing on our plan and believe the successful execution of this plan will enable us to regain compliance with the exchange’s listing standards."
