LINCOLNSHIRE, Ill. (AFX) - Aksys Ltd. said Tuesday it has been notified by the Nasdaq that it hasn't regained compliance with Nasdaq rules, the company could be delisted.
Nasdaq told Aksys it is in violation of a rule requiring a minimum value of $35 million of listed securities for 10 consecutive days, the company said.
The dialysis systems maker requested hearing before a stock exchange panel, postponing the delisting, Aksys said. The company said it expects to remain listed on the exchange until the hearing process is complete. Aksys did not say when it expects that to be.
Aksys shares closed unchanged at $1 on the Nasdaq.
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