Tix Corp. Delisted

Las Vegas discount and premium ticketing company Tix Corporation has been delisted from the NASDAQ after its stock dropped below the minimum $1 per share requirement on the exchange.

Tix Corp. announced plans to deregister its stock, suspend reporting obligations to the Securities and Exchange Commission and move its listing to the OTCQX market Sept. 28.

“We are taking this important step with our shareholders’ interests in mind,” CEO and Chairman Mitch Francis said in a statement. “The burden of reporting under the Exchange Act … has become too expensive for many small companies such as Tix Corporation.

“After careful consideration, the company believes that by moving its stock listing to the OTCQX and deregistering its common stock, it can re-invest significant resources to help drive growth and profitability.”

Just a few years ago, Tix Corp. had its eyes on expansion, purchasing Exhibit Merchandising with plans to enter major markets coast to coast.