WorldSpace to be Delisted from Nasdaq

By | October 28, 2008 | ST Briefs, Telecom

[Satellite Today 10-28-08] The Nasdaq Stock Market sent a notice to WorldSpace Inc. Oct. 21 that the company will be delisted, WorldSpace announced Oct. 27.
    In its letter to WorldSpace, Nasdaq cited the company as non-compliant with marketplace rules because its market value of listed securities for 10 consecutive trading days had fallen been below the minimum $50 million requirement for continued inclusion.
    WorldSpace does not intend to appeal Nasdaq’s determination, and expects its common stock trading will be suspended at the opening of business Oct. 30.

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