Updated at 2:41 p.m., Friday, July 20, 2007
Nasdaq notifies Cyanotech of possible suspension
Advertiser Staff
Cyanotech Corp. today said it was notified by the Nasdaq Stock Market that trading of the Kailua, Kona-based company's common stock is subject to suspension Thursday.Nasdaq said Cyanotech is not in compliance with the requirements for continued listing because of its failure to file its annual financial report for the fiscal year ended March 31.
Cyanotech said it filed an appeal of that decision with the Nasdaq Listing Qualifications Panel today. The suspension of trading and delisting is stayed pending the appeal. Shares of the maker of nutritional supplements closed down 3 cents at $1.30 today.
