Evergreen Solar to be delisted from Nasdaq

As a consequence of Evergreen Solar’s Chapter 11 bankruptcy filing, Nasdaq has notified the company that it will be suspended at the opening of business on August 24. Based on Nasdaq rules, Evergreen Solar’s common stock will be delisted but the company may trade on the OTC Bulletin Board or the Pink OTC Markets. However, this will require at least one market maker to quote Evergreen Solar’s common stock, though this is not given, it normally happens.

Evergreen Solar also announced that Susan Tierney resigned as a director of the company, effective August 14, for personal reasons, according to the SEC filing. She had been a company director since September 2008.