Ballantyne Strong, Inc. (NYSE MKT: BTN), a holding company serving the cinema, retail, financial and government markets, has made an announcement about compliance with NYSE MKT listing requirements, the company said.
As previously reported in a press release dated May 22, 2017, the company had received a letter from the NYSE MKT stock exchange on May 18, 2017, indicating that the company was not in compliance with NYSE MKT´s continued listing requirements under the timely filing criteria outlined in Sections 134 and 1101 of the NYSE MKT company Guide.
The company had been unable to timely file its quarterly report on Form 10-Q for the quarter ended March 31, 2017, pending completion of a review and restatement of its consolidated financial statements for the year ended December 31, 2016.
On May 24, 2017, the company filed its amended annual report on Form 10-K/A for the year ended December 31, 2016 and quarterly report on Form 10-Q for the quarter ended March 31, 2017. On May 25, 2017, the company received a letter from the NYSE MKT stock exchange that it is back in compliance with the continued listing requirements of the NYSE MKT company Guide.
Ballantyne Strong and its subsidiaries engage in diverse business activities including the design, integration and installation of technology solutions for a broad range of applications; development and delivery of out-of-home messaging, advertising and communications; manufacturing of projection screens; and providing managed services including monitoring of networked equipment. The company focuses on serving the cinema, retail, financial, and government markets.