Essex Crane Rental Corp. Voluntarily Delists From Nasdaq

Dec. 9, 2015

Essex Rental Corp. has submitted a notice to the Nasdaq Stock Market to voluntarily withdraw the company’s common stock, par value $0.0001 per share, from listing on Nasdaq and to voluntarily terminate the registration of common stock. The crane rental firm will file a Notification of Removal with the Securities Exchange Commission on or about Dec. 18, which should result in the stock no longer being listed around Dec. 28.

Essex expects the stock to be quoted on OTC Pink Sheets, although there is no assurance of that occurring.

Once de-listed, the company’s periodic reporting obligations will be suspended, and thus Essex will no longer be required to file quarterly or annual reports. Essex received a letter from Nasdaq in August, notifying it that the company failed to meet the minimum $1 per share bid price requirement for continued listing on Nasdaq, and that the company had until Feb. 1, 2016, to regain compliance before it would be involuntarily delisted. Essex’ board of directors unanimously determined to voluntarily delist from Nasdaq.

The crane rental firm is based in Buffalo Grove, Ill.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.