energy, Biofuels, Delisting

Biofuels Maker Verenium Gets Nasdaq Delisting Notice

Bruce V. Bigelow 12/5/08

Verenium said late today it has fallen out of compliance for companies listed on the Nasdaq Global Market. The Cambridge-based developer of cellulosic ethanol disclosed in a regulatory filing late today that Nasdaq requires listed companies to maintain a market capitalization of at least $50 million or total assets and total revenue of $50 million each in the most recently completed fiscal year. The company, which was formed in the 2006 combination of Celunol and San Diego’s Diversa, has 30 calendar days to get back in compliance.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call 858-202-0492