In a filing with the SEC, Apple said that it “received a written notification from the staff of The Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Panel has granted the Companyis request for continued listing on The Nasdaq Stock Market, subject to the condition that the Company shall file its Form 10-Q for the quarter ended July 1, 2006, and any required restatements, by December 29, 2006.”
Apple failed to file the quarterly report with the SEC because it has been conducting an internal investigation into possible stock options grant irregularities. So far, the company has found 15 instances where options may have been improperly backdated.
In the even that Apple isnit able to file the required documents by the deadline, the company will request another extension from the NASDAQ Listing Qualifications Panel.
Apple stock is currently trading at US$82.12, down 0.07 (0.09%).
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