NEW YORK, Oct. 08, 2015 (GLOBE NEWSWIRE) — 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/.
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