Fashion retailer Sport-Haley Inc has informed that the United States Securities and Exchange Commission declared Sport-Haley's recently filed application for registration of its common stock pursuant to §12(g) of the Securities Exchange Act of 1934, effective as of January 24, 2006.
The company believes that it now meets all requirements for its common stock to be, and continue to be, listed on the Nasdaq Stock Market Inc National Market, upon which its common shares have been listed since 1994.
As Sport-Haley recently announced, it filed the Form 10 in order to register its common stock pursuant to §12(g) of the Exchange Act. It had believed that its common stock had been properly registered under §12(g) since approximately November 1998, based upon its belief that it had met the requirements of Rule 12g-2, which, if met, would have deemed the company's common stock to be registered under §12(g) without requiring the filing of another registration statement.
The company has made all periodic and other filings required of an issuer whose shares are registered under §12(g) of the Exchange Act since November 1998. The Form 10 filed by Sport-Haley has now been declared effective.
Nasdaq had advised the company that it would continue to list Sport-Haley's common shares on the National Market so long as the company promptly filed the Form 10 and continued to make all filings with the SEC required of an issuer whose stock is registered under §12(g) of the Exchange Act. The company believes that it has satisfied these conditions.