Nasdaq Issues Delist Notification to Interphase Corporation
October 08 2015 - 9:26AM
The Nasdaq Stock Market (“Nasdaq”) announced today, that on October
1, 2015, it notified Interphase Corporation (the “Company”)
(Nasdaq:INPH) that the Company’s common stock will be delisted from
Nasdaq based on public interest concerns raised by the Company’s
determination to cease operations and commence bankruptcy
proceedings under Chapter 7 of the U.S. Bankruptcy Code.
Unless the Company appeals this determination, Nasdaq will
suspend trading of the Company’s common stock as of the open of
business on October 12, 2015, and file a Form 25-NSE with the
Securities and Exchange Commission to complete the delisting.
The delisting becomes effective ten days after the Form 25 is
filed.
For news and additional information about the Company, please
review its public filings or contact the Company directly.
For more information about The Nasdaq Stock Market, visit the
Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing
the delisting of securities can be found in the Nasdaq Rule 5800
Series, available on the Nasdaq Web site:
http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
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solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
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marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,600 listed companies
with a market value of approximately $9.6 trillion and more than
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
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Nasdaq Media Relations Contact:
Will Briganti
+1.646.441.5012
william.briganti@nasdaq.com
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