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Lynx, on Notice from Nasdaq, Plans to Appeal Delisting

NEW YORK, Dec. 19-Lynx Therapeutics said yesterday that it has received a notice of delisting from Nasdaq, which it plans to appeal.

 

The company's stock has traded below $1.00 since July 31, meaning that it no longer complies with the Nasdaq listing maintenance standards.

 

Lynx said in a statement that it will request a hearing from the stock market, and is considering a reverse stock split or transferring its stocks to the Nasdaq SmallCap Market, which has more lenient policies.

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