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News

27 September 2007

 

Nasdaq board stays Kopin delisting

Last week Kopin Corp of Taunton, MA, USA, which makes heterojunction bipolar transistors (HBTs) and liquid-crystal CyberDisplays, announced that its common stock will remain listed on Nasdaq pending further consideration by The Nasdaq Stock Market’s board of directors.

Under Marketplace Rule 4809, the Nasdaq board has decided to call for review the 27 July decision of the Nasdaq Listing and Hearing Review Council that Kopin had until 25 September to file its overdue periodic financial reports and any necessary restatements with the US Securities and Exchange Commission and Nasdaq. otherwise it would be suspended from the Nasdaq Global Market. The Nasdaq board has therefore also stayed the council’s decision to suspend Kopin’s securities from trading beyond the 25 September deadline, pending further consideration.

“We continue to work diligently to achieve compliance with all of the Nasdaq’s listing requirements,” said Dr John C.C. Fan, Kopin president and CEO. The extra time should allow Kopin’s special investigative committee time to complete its investigation into the firm’s past stock option granting practices and related accounting and for the firm to prepare and file its audited financial statements.

See related items:

Nasdaq issues further warnings to Kopin and Emcore

Kopin expanding Taunton production center

Kopin expects strong III-V revenues to end 2007

Search: Nasdaq delisting

Visit: www.kopin.com