RICHMOND, B.C. — SmarTire Systems Inc. (NASDAQ: SMTR) today announced the company’s common shares will commence trading on the Over-The-Counter Bulletin Board (OTCBB).
The company received notice from NASDAQ May 20 that it does not meet the minimum bid price rule of $1 per share necessary to remain listed on the NASDAQ stock exchange. SmarTire will, however, continue to trade under the symbol SMTR on the OTCBB.
SmartTire is a developer of tire pressure and temperature monitoring technology.
The move to the OTCBB will not impact the company’s business strategy or its ongoing efforts to increase the awareness and profile of the company in the investment community, says SmarTire president Robert Rudman.
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