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NASDAQ Puts USAT On Notice About Listing Compliance

MALVERN, PA -- USA Technologies Inc. said it received a notice from the NASDAQ Stock Market that it is in non-compliance with the exchange's listing rules for failure to file its annual report with the Securities and Exchange Commission on time. The unattended payment technology company, which attributed the delay to an internal investigation involving certain contracts, has until Nov. 1 to submit a compliance plan to the NASDAQ. USAT had a rough trading day on Oct. 15 as shares tumbled 10....

October 15, 2018

MALVERN, PA -- USA Technologies Inc. said it received a notice from the NASDAQ Stock Market that it is in non-compliance with the exchange's listing rules for failure to file its annual report with the Securities and Exchange Commission on time.
 
The unattended payment technology company, which attributed the delay to an internal investigation involving certain contracts, has until Nov. 1 to submit a compliance plan to the NASDAQ.
 
USAT had a rough trading day on Oct. 15 as shares tumbled 10.32%, or a loss of 72¢ per share, to close at $6.22. After opening the day at $7, shares of USA Technologies Inc. traded as high as $7.03 and as low as $6.15.