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RadioShack receives compliance notice from NYSE


Fort Worth, Texas - RadioShack Corp. announced that it received a continued listing standards notice from the New York Stock Exchange (NYSE) on Jan. 15. The retailer received the notice because its average market capitalization was less than $50 million during a period of 30 consecutive trading days and stockholders' equity of the company was below $50 million.

RadioShack's common stock continues to trade on the NYSE. Under NYSE rules, the company has 45 days following receipt of the notification to provide the NYSE with a business plan that demonstrates its ability to regain compliance within 18 months. The Listings and Compliance Committee of the NYSE will either accept the business plan, or RadioShack will be subject to suspension by the NYSE and delisting.

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