Hoku Corp.(HOKU) announced that it intends to voluntarily terminate the listing of its common stock on The Nasdaq Global Market by filing a Form 25 with the Securities and Exchange Commission on or about July 16, 2012.
Previously, the company said it is not in compliance with Nasdaq's continuing listing requirements due to its inability to maintain a $1.00 minimum bid price and to file its annual report on Form 10-K, and the Company expects its common stock to be delisted from The Nasdaq Global Market.
On July 5, 2012, Nasdaq halted the trading of Hoku's common stock. Nasdaq has informed Hoku that the trading of its common stock on Nasdaq will remain halted until the delisting is completed upon the Form 25 filing.
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