MBF Healthcare Acquisition Corp. Receives Notice from Exchange
February 17 2009 - 8:30AM
Business Wire
MBF Healthcare Acquisition Corp. (NYSE Alternext US:MBH) (NYSE
Alternext US, Units: �MBH.U�, Common Stock: �MBH,� Warrants:
�MBH.WS�) (�MBF�) announced that on February 10, 2009 it received a
notice from the NYSE Alternext US LLC (the �Exchange�) indicating
that it was not in compliance with Section 704 of the NYSE
Alternext US Company Guide because MBF did not hold an annual
meeting of its stockholders during the year ended December 31,
2008.
MBF has been afforded the opportunity to submit a plan to the
Exchange by March 10, 2009 advising the Exchange of actions taken,
or to be taken, to bring MBF into compliance with Section 704 of
the Company Guide by August 11, 2009. MBF intends to submit a plan
to the Exchange by March 10, 2009 explaining that, pursuant to the
MBF's charter, it must consummate a business combination by April
23, 2009, or MBF will dissolve and liquidate. As a result, MBF will
either hold an annual meeting of stockholders prior to April 23,
2009 or liquidate, in which case its securities would be delisted
from the Exchange.
If the plan is accepted, MBF will be able to continue its
listing, during which time MBF will be subject to continued
periodic review by the Exchange�s staff. If the plan is not
accepted, the Exchange could initiate delisting procedures against
MBF.
About MBF Healthcare Acquisition Corp.
MBF is a special purpose acquisition company formed for the
purpose of acquiring, through a merger, capital stock exchange,
stock purchase, asset acquisition or other similar business
combination, one or more operating businesses in the healthcare
industry.
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