POSTED: 9:53 a.m. HST, Jul 13, 2012
Honolulu-based Hoku Corp. will voluntarily terminate its listing on the NASDAQ Global Market on or about Monday, according to a company announcement.
The company previously announced its non-compliance with NASDAQ's continuing listing requirements due to inability to maintain a $1 minimum bid price, among other reasons. NASDAQ halted the trading of Hoku common stock July 5.
Hoku will file a Form 25 with the U.S. Securities and Exchange Commission to facilitate the delisting.