InsWeb Corp., the consumer online insurance rate quote service,announced today that NASDAQ has advised the company it no longerqualifies for continued listing on the NASDAQ National Market.
As a result of the notification the company said it is applyingto transfer the listing of its shares to the NASDAQ Capital Market,formerly the NASDAQ Small Cap Market.
NASDAQ informed the company Friday that based upon the company'srecent Form 10-K filing, InsWeb does not have the minimum$10,000,000 stockholders' equity requirement for continued listingon the NASDAQ National Market.
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