Nasdaq gives Merge a July 7 deadline
Nasdaq has given Merge Technologies Inc. until July 7 to make its required federal filings or it will be delisted. Nasdaq first threatened the company with delisting in May because of non-filing of a Form 10-K annual report for 2005 and Form 10-Q quarterly report for the first quarter of 2006.
Merge has said that the 2005 earnings will be reported by the end of June. The problems arose from the company’s acquisition of Cedara Software Corp in 2005. The acquisition doubled the company’s size, but brought with it significant financial reporting problems.
Tags: Merge Technologies, Nasdaq, delisting, 10-K, 10-Q, earnings, Cedara Software, financial reporting
