On Thursday, Shares of Cosi Inc(NASDAQ:COSI), added 24.42% and closed at $0.377 in the last trading session. The last trading range of the stock ranges between $0.03 and $0.05. Così, Inc. (COSI), the fast-casual restaurant company, recently declared that, on September 29, 2016, it received notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that, in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. Given the continued listing requirements of The Nasdaq Stock Market and the Company’s pending Chapter 11 cases, the Company does not plan to appeal the Nasdaq determination to delist the Company’s common stock. Accordingly, trading of the Company’s common stock will be suspended at the opening of business on October 10, 2016, and a Form 25-NSA will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.
The Company’s securities may be eligible to be quoted as an OTC security, also known as the “Pink Sheets.” To be quoted as an OTC security, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. If the Company’s securities are delisted from The Nasdaq Stock Market, there can be no assurance that a market maker will apply to quote the Company’s common stock or that the Company’s common stock will become eligible for trading as an OTC security.
ON Semiconductor Corp (NASDAQ:ON), jumped 0.24% and closed at $12.43 in the last trading session. The last trading range of the stock ranges between $12.13 and $12.45. The company’s Market capitalization is $5.26 Billion with the total Outstanding Shares of 415.55 Million. ON Semiconductor Corporation (Nasdaq: ON) (“ON Semiconductor”) declared recently that ON Semiconductor has successfully closed the refinancing of its secured debt facilities. The refinancing transaction amended ON Semiconductor’s secured debt facilities documentation in order to, among other things, (i) replace and refinance in full its senior secured term loans with a new tranche of refinancing term loans with a 1.25% reduction in the applicable margin, (ii) increase the size of its senior secured term loan facility by $200 million to a total aggregate amount of $2.4 billion, (iii) reduce the applicable margin with respect to the revolving credit facility by 1.25% and (iv) amend certain provisions to permit the entry by ON Semiconductor’s auxiliaries into secured hedging arrangements with qualified institutions and to facilitate certain restructuring transactions and intercompany intellectual property transfers intended to achieve the efficient integration of ON Semiconductor, its auxiliaries and its attained entities (collectively, the “Transactions”).
“This refinancing further facilitates us to generate higher shareholder value from our recently closed acquisition of Fairchild Semiconductor,” said Bernard Gutmann, Executive Vice President and Chief Financial Officer of ON Semiconductor. “A lower cost of debt not only accelerates our progress towards our financial targets for the acquisition of Fairchild Semiconductor, but also facilitates faster deleveraging of our balance sheet.”
Integrated Device Technology Inc (NASDAQ:IDTI), lost -1.92% and closed at $2302 in the last trading session. The last trading range of the stock ranges between $22.76 and $23.45. During the 52-week trading session the minimum price at which share price traded, registered at $16.22 and reached to max level of $29.04. Integrated Device Technology, Inc. (IDT) (IDTI) declared recently that ZTE Corporation a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile Internet, selected the new IDT® RapidIO 10xN interconnect semiconductors for its new generation of wireless base stations. The IDT chips, members of the recently introduced RXS switch family, will facilitate the ZTE systems to evolve and meet the ever-growing need for greater capacity and scalability over the coming years.
IDT’s prior generation RapidIO switches are used in virtually every 4G LTE phone call and download made recently.
“The data being pushed and pulled over networks is growing at an extraordinary rate, so when we were building our most recent wireless base stations, we were careful to select components that can grow and meet future demands,” said Tian Sen, chief engineer of ZTE’s Baseband Unit Department. “IDT RapidIO switches are ubiquitous in the communications field, and this new generation of switches delivers significantly better performance, preparing us well for the systems of tomorrow.”