Valentis (VLTS) Receives Delisting Notification From NASDAQ
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Valentis, Inc. (Nasdaq: VLTS) has received notification from The Nasdaq Stock Market that its securities will be delisted from the Nasdaq Capital Market at the opening of business on May 21, 2007. The Nasdaq delisting notice was based upon the failure of Valentis to achieve certain milestones under its plan of compliance, as presented to the Nasdaq Listing Qualifications Panel on March 1, 2007, by certain specified dates.
While Valentis' common stock will not be immediately eligible for quotation on the National Association of Securities Dealers, Inc.'s Over-The- Counter Bulletin Board, it will become eligible if a market maker applies to register in and quote the shares in accordance with Rule 15c2-11 of the Securities Exchange Act of 1934 and such application is approved by the NASD.
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