[Federal Register Volume 61, Number 4 (Friday, January 5, 1996)]
[Notices]
[Pages 428-429]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-174]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (NDE Environmental Corporation, Common Stock, $.0001
Par Value) File No. 1-10361
December 29, 1995.
NDE Environmental Corporation (``Company'') has filed an
application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the Boston Stock Exchange, Inc. (``BSE'').
The reason alleged in the application for withdrawing the Security
from listing and registration is that the Company has chosen to
voluntarily delist rather than rectify its failure to maintain
compliance with the listing requirements of the BSE. Specifically, the
BSE has informed the Company that it has fallen below BSE requirements
for continued listing based upon the company's most recent 10-Q. More
specifically, the Company is below the following requirements: the
market value of float shares, $140,981, is below the requirement of
$500,000; and the shareholder's equity, $319,034, is below the
requirement of $500,000. Additionally, the BSE has informed the Company
that it also must list the Additional Shares issued as a result of the
agreement with Proactive Partners, L.P., regarding a refinancing
arrangement (4,815,586 shares of common stock).
Any interested person may, on or before January 23, 1996 submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street NW., Washington, DC 20549, facts bearing upon whether the
application has been made in accordance with the rules of the BSE and
what terms, if any, should be imposed by the Commission for the
protection of investors. The Commission, based on the information
submitted to it, will issue an order granting the application after the
date mentioned above, unless the Commission determines to order a
hearing on the matter.
[[Page 429]]
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
FR Doc. 96-174 Filed 1-4-96; 8:45 am]
BILLING CODE 8010-01-M
