[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.
WorldSpace to be Delisted from Nasdaq
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