Recreation USA, the RV and boat dealership chain officially known as Holiday RV Superstores Inc., is facing de-listing from the Nasdaq National Market, according to Casey Gunnell, president and CFO of the dealership group.
Holiday RV, which has the ticker symbol RVEE, could be de-listed on May 15 unless the market value of its publicly held shares climbs above $15 million and its stock price climbs above $3.00 a share.
Holiday RV might appeal its de-listing or apply for transfer to the Nasdaq SmallCap Market, Gunnell said.
However, Holiday RV stock will continue trading on the Nasdaq National Market at least until May 15, Gunnell added.