Sport-Haley, Inc. reported that it received a letter from The Nasdaq Stock Market, Inc., dated January 31, notifying the company that Nasdaq's staff approved its application to transfer its securities to The Nasdaq Capital Market. Nasdaq further advised in an email that the market change would become effective on Monday, February 4, 2008.
As previously reported, in November 2007, Nasdaq informed Sport Haley that the company did not meet the continued listing requirements for inclusion in The Nasdaq Global Market, where the common stock of Sport Haley was previously listed. Subsequently, the company provided Nasdaq with a request to transfer its securities to The Nasdaq Capital Market.
