Thursday, July 22, 2010

NextWave Wireless Gets Delisting Notice From NASDAQ

San Diego-based NextWave Wireless, a developer of wireless technology, reported Wednesday afternoon that it is being delisted from the NASDAQ stock market, as of July 23rd. The firm said the notification came from the NASDAQ Listing Qualifications Panel, and was because of non-compliance with the minimum, $1.00 per share closing bid price requirement of the exchange. NextWave said it will begin trading instead on the OTCQB market as WAVE.