Tuesday, August 2, 2005
DPAC Technologies Corp. has been notified by Nasdaq that its stock will be delisted from the Nasdaq SmallCap Market, effective with the open of business Wednesday (Aug. 3).
DPAC (Garden Grove, Calif.) said it was notified by Nasdaq's Listing Qualifications Hearing Panel of the decision Monday, following an unsuccessful appeal to the panel on June 16.
DPAC said it intends to have its common stock be quoted on the over-the-counter bulletin board as soon as possible. The company said it also intends to continue to pursue its previously announced merger with QuaTech Inc., emphasizing that the merger is not contingent on maintaining the Nasdaq listing.
By: DocMemory
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