GeoEye, Inc. [GEOY] resolved compliance problems with the Nasdaq stock exchange, the company announced.

Filing a restatement of its past financial reports, and 10Q reports filed with the Securities and Exchange Commission, resolved the problem, GeoEye stated.

Therefore, GeoEye won’t have to go before a Nasdaq panel that would review whether GeoEye should continue to be listed on the exchange, the firm stated, "since the issue is now moot."

A provider of commercial space imaging services, GeoEye earlier this month launched and deployed its GeoEye-1 satellite built by General Dynamics Corp. [GD].

GeoEye hopes to test the camera in the spacecraft and produce imagery soon, the company stated.