Evans & Sutherland Computer Corp. has received a letter from the Nasdaq stock market saying that the company faces possible delisting of its stock.
The company said that the letter indicated that the company had not maintained a minimum market value of publicly held shares of $5 million for 30 consecutive trading days, as required for continued listing, according to a marketplace rule.
Evans & Sutherland has 90 days to regain compliance. If that effort fails, the company said it may apply to transfer its common stock to the Nasdaq Capital Market.