AATC - Autoscope Technologies sheds ~7% after proposes to voluntarily delist from Nasdaq hikes dividend

• Autoscope Technologies ( NASDAQ: AATC ) on Wednesday notifies its intention to voluntarily delist its common shares from the Nasdaq Capital Market and to subsequently deregister its common stock with the SEC and become a non-reporting company under the Exchange Act.
• The decision comes as the company is eligible to suspend these reporting obligations because it has fewer than 300 shareholders of record.
• The company expects to file a Form 25, notification of removal from listing and/or registration with the SEC and Nasdaq on or about December 30, 2022.
• Upon its effectiveness, the company anticipates that its common stock will be quoted on the OTCQX and will continue to trade on the OTCQX.
• Additionally, the board has determined that it will increase the company’s quarterly dividend amount going forward from $0.12 to $0.13 per share.
• Shares of AATC are down 6.45% after-hours .

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