X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-USOL Holdings Inc. today is filing documents with the Securities and Exchange Commission to de-list from Nasdaq trading. The Austin-based company provides telecommunications services to multifamily complexes.

The company’s stock closed at 16 cents per share Monday. Trading above $1 a share is one of the requirements for listing on the Nasdaq market. USOL is taking the de-listing under the SEC rules for companies with fewer than 300 record holders. With the de-listing, USOL will no longer have to file quarterly reports to the SEC.

USOL offers telephone, cable television and high-speed Internet service to more than 130 apartments and other multifamily communities in five markets. Customers include complexes owned by AMLI Residential, Simpson Housing and Gables Residential.

The de-listing will save USOL money, but will have no other impact on the company, Jim Livingston, the company’s CEO, said in a press release. The company will announce quarterly earnings later this week and will update shareholder of its financial condition through press releases, Livingston said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.