Medialink had previously requested and was granted a 105-day extension, through August 3, but has not regained compliance. The release says Medialink "intends to request a hearing" before a Nasdaq panel by August 11, and the company's common stock will remain listed pending the decision. PRWeek has been following these developments over the past few months.
Even if Medialink is delisted, it may be traded on either the Pink OTC Market or the OTC Bulletin Board, the company said in a statement.
Jim Lonergan, CEO and president of The NewsMarket, which is in the process of acquiring Medialink, told PRWeek in an e-mail that this latest step will have "no impact the acquisition."