“We are delighted that Nasdaq has decided to allow our shares to resume trading,” said Balu Balakrishnan, president and CEO of Power Integrations. “Our financial restatement efforts are progressing, and we are doing everything within our power to complete the restatement and file our outstanding financial reports prior to December 18.”
Power Integrations Shares to Resume Trading on Nasdaq
Power Integrations (OTC: POWI today announced that its shares will resume trading today on the Nasdaq Global Market under the ticker symbol POWI. The Nasdaq Listing and Hearing Review Council has granted the company an exception until December 18, 2006 to file its outstanding annual and quarterly reports and thereby regain compliance with Nasdaq Marketplace Rules. Should the company be unable to regain compliance by December 18, its shares will again cease to trade on the Nasdaq Global Market.
