Oxnard’s Clean Diesel Technologies gets delisting notice
Oxnard-based Clean Diesel Technologies received a delisting notice from the Nasdaq Feb. 12 because it’s stock price was not above the $1 minimum listing price.
Clean Diesel Technologies makes diesel emission control systems for cars and other diesel powered vehicles. The company made the announcement in a filing with the Securities and Exchange Commission after markets closed Feb. 18.
Clean Diesel Technologies currently trades on the Nasdaq Capital Market and has a market capitalization of $11.33 million. Clean Diesel Technologies has until Aug. 10, 2016 to become compliant with the $1 minimum. Until then, common shares of the company will be traded normally.
The company said in the filing it would monitor its stock price and work to make sure it stays listed.
Clean Diesel Technologies ended Feb. 18 up 11 cents to 64 cents per share.
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