Tempe, Ariz. —As expected, the Nasdaq Stock Market notified Syntax-Brillian on July 18 that due to the company’s previously reported Nasdaq listing violations and its July 8 Chapter 11 filing, it has sufficient basis to delist its securities.
“The Nasdaq Listing Qualifications Hearings Panel has determined to delist the company’s stock from the Nasdaq Stock Market and will suspend trading of the stock at the open of business on Tuesday,” Syntax-Brillian said in a statement issued Monday.