ATLANTA— Buckhead America Corp. said the company recently received notice from The Nasdaq Stock Market to the effect that its shares will be de-listed from the Nasdaq SmallCap Market at the opening of business May 29, 2002. The Nasdaq notice said Buckhead does not comply with the minimum net tangible assets or minimum stockholders equity requirements for continued listing and that, “Nasdaq Staff has determined that the company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time.” Buckhead America said it does not intend to appeal the delisting notice. The company said it is seeking arrangements for a broker-dealer to make a market in the companys shares on the Nasdaq Over-the-Counter Bulletin Board.
