Westinghouse Solar Granted Continued Nasdaq Listing

6/21/2012 3:07 PM ET

Westinghouse Solar Inc. (WEST: Quote) announced that it has been granted continued listing on Nasdaq.

On June 19, 2012, the Company received a letter from The Nasdaq Stock Market notifying the Company that a Nasdaq Hearings Panel granted the Company's request for continued listing of its common stock on the Nasdaq Stock Market.

The continued listing is subject to conditions including the following: on or before October 1, 2012, the Company will close the merger transaction with CBD Energy Ltd. Should events occur or information come to light that call into question whether the proposed merger will close by that date or whether CBD will qualify for listing on the Nasdaq Stock Market, the Company is to inform the Panel, which may determine at that time to delist the Company's shares if the Company is not fully in compliance with the requirements for listing.

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