USA – GeoEye Inc. reported that the Company would not be able to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 with the Securities and Exchange Commission. Since then, the Company received a Nasdaq Staff Determination letter indicating that the Company failed to comply with the filing requirement for continued listing set forth in Marketplace Rule 4310(c)(14) and that its securities are subject to delisting from The Nasdaq Global Market exchange.
The Company has filed a request for a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. Under Nasdaq’s rules, a timely hearing request automatically stays the suspension and delisting of the Company’s securities pending the Panel’s decision. There can be no assurance, however, that the Panel will grant the Company’s request for continued listing.
The Company’s filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 was delayed due to the timing of the Company’s completion of a complex and detailed analysis of uncertain tax positions that prevented completion of the report in time. As previously reported the Company said its filing would be delayed about two weeks. The Company expects to make this filing with the SEC shortly.
