OKLAHOMA CITY-Dobson Communications Corp. said it was notified by the Nasdaq Listing and Hearing Review Council that its stock will be relisted on the Nasdaq stock exchange following a reversal of the council Oct. 28, 2002, decision to delist Dobson’s stock due to its failure to meet certain listing requirements.
The Listing Council said it will relist Dobson’s stock once the company files an application for new listing, pays all applicable listing fees and complies with all initial requirements for initial listing on the SmallCap Market except for the reduction in the minimum bid price from $4 to $1.
Since its delisting last October, Dobson’s stock has traded on the over-the-counter board and has risen from 35 cents per share the day after it was delisted to $2.05 per share at its close on Jan. 22. The stock has been trading over the $1 mark since Nov. 15, 2002. Dobson’s stock was up nearly 10 percent in early Wednesday trading at $2.24 per share.
