Friday, September 26, 2014

Pulse Electronics Pulls Listing From NYSE

San Diego-based electronics components developer Pulse Electronics said this morning that it is voluntarily delisting itself from the NYSE, in order to reduce its cost of business. The company said it decided the savings from delisting from the NYSE outweigh the disadvantages of the move, due to the significant annual accounting and legal costs and administrative burdens associated with SEC reporting obligations and compliance. Pulse Electronics said it will voluntarily ally to delist its common stock around October 6th, and will shift to the OTC markets. Pulse is a developer of magnetic, antenna and connector products for the wireless and other markets. Pulse has been listed as PULS on the NYSE.