Wednesday, October 14, 2009

Lantronix Gets Delisting Notice

Irvine-based electronics firm Lantronix reported Wednesday that it has received a delisting notice from the NASDAQ, saying that the firm has not complied with requirements for the minimum bid price of its common stock. According to Lantronix, the firm--which staved off an earlier delisting warning in June--the Nasdaq has now determined to delist the firm as of October 19th. Lantronix said it intends to appeal the determination of the Nasdaq's panel, and will look to authorize a reverse stock split to fix the issue. Lantronix is a developer of KVM, remote access, and other data center equipment.