NYSE Amex LLC has accepted Advanced Technology Acquisition Corp.’s plan of compliance with respect to its previously disclosed non-compliance with certain rules.
On 10 February 2009, the Company received a notice from the Exchange indicating that the Company was not in compliance with Section 704 of the NYSE Amex Company Guide, because it did not hold an annual meeting of its stockholders during 2008.
The Company had been afforded the opportunity to submit a plan of compliance to the Exchange and on or about 10 March 2009 presented its plan to the Exchange. In a letter dated 4 May 2009, the Exchange notified the Company that it accepted the Company’s plan of compliance and granted the Company an extension until 11 August 2009 to regain compliance with the continued listing standards.
The Company will be subject to periodic review by Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE Amex LLC.
L.D.