PV equipment specialist, Spire Corporation, has been delisted from the NASDAQ stock exchange after failing to restore its share price to the US$1.00 per share minimum after 360 days.
The company was originally given the statutory 180 calendar days, or until 24 December 2012, to regain compliance but was later given a further 180 days, which expired on 24 June 2013.
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Instead, Spire’s shares from 5 July 2013 will be traded on the OTC Bulletin Board, a trading medium for non-NASDAQ-quoted companies
In May Spire reported a 57% slump in sales in the first quarter of 2013.
