{"id":797990,"date":"2025-01-06T08:34:02","date_gmt":"2025-01-06T13:34:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/luna-innovations-stock-to-be-suspended-from-nasdaq-listing\/"},"modified":"2025-01-06T08:34:02","modified_gmt":"2025-01-06T13:34:02","slug":"luna-innovations-stock-to-be-suspended-from-nasdaq-listing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/luna-innovations-stock-to-be-suspended-from-nasdaq-listing\/","title":{"rendered":"Luna Innovations Stock to Be Suspended from Nasdaq Listing"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Luna Innovations Stock to Be Suspended from Nasdaq Listing<\/b><\/p>\n<p>ROANOKE, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLuna Innovations Incorporated (Nasdaq: LUNA) (the \u201cCompany\u201d), a global leader in advanced fiber optic-based technology, today announced that, due to the Company\u2019s inability to meet the March 27, 2025 deadline to file its previously disclosed delinquent filings with the Securities and Exchange Commission to regain compliance, the trading in its securities will be suspended tomorrow, January 7, 2025, and subsequently delisted from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d). Following the suspension, the Company expects its shares to be eligible to trade on the over-the-counter (\u201cOTC\u201d) market, specifically the OTC Expert Market.<\/p>\n<p>\nThe suspension\/delisting of the Company\u2019s stock from Nasdaq does not directly impact the Company\u2019s business operations. The Company remains focused on its strategic alternatives and continues to support its customers, partners, and suppliers in the usual course.<\/p>\n<p>\nKevin Ilcisin, the Company\u2019s President and Chief Executive Officer, said, \u201cWhile we are disappointed in the restatement process schedule delays, we are encouraged by the operational discipline and improvements by the entire Luna team since May. During the second half of 2024, we secured notable wins, underscoring our commitment to providing exceptional products and services to our customers.\u201d<\/p>\n<p>\nLooking ahead, the Company plans to provide a broader business update later this month, including preliminary revenue and booking numbers for fiscal year 2024.<\/p>\n<p><b>About Luna<\/b><\/p>\n<p>\nLuna Innovations Incorporated (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lunainc.com&amp;esheet=54173114&amp;newsitemid=20250106056700&amp;lan=en-US&amp;anchor=www.lunainc.com&amp;index=1&amp;md5=844fa55104068f2242a72a6fff64c2a8\">www.lunainc.com<\/a>) is a leader in optical technology, providing unique capabilities in high-performance, fiber optic-based, test products for the telecommunications industry and distributed fiber optic-based sensing for a multitude of industries. Luna\u2019s business model is designed to accelerate the process of bringing new and innovative technologies to market.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>\nThe statements in this release that are not historical facts constitute \u201cforward-looking statements\u201d made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include expectations regarding the listing of the Company\u2019s common stock on Nasdaq and the OTC Markets, the corresponding impact on the Company\u2019s operations and the Company\u2019s plans regarding business updates and strategic alternatives. Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and\/or achievements of the Company may differ materially from the future results, performance, and\/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, without limitation, risks associated with being moved to the OTC Markets\u2019 \u201cExpert Market\u201d tier and risks and uncertainties set forth in the sections entitled \u201cRisk Factors\u201d in the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as well as in subsequent filings with the Securities and Exchange Commission (\u201cSEC\u201d). Such filings are available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54173114&amp;newsitemid=20250106056700&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=cb938867a6e9f7d64bdf19ca930c8d87\">www.sec.gov<\/a> and on Luna\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lunainc.com&amp;esheet=54173114&amp;newsitemid=20250106056700&amp;lan=en-US&amp;anchor=www.lunainc.com&amp;index=3&amp;md5=cfc3ada6ff271cc108c0dff56891ca9e\">www.lunainc.com<\/a>. The statements made in this release are based on information available to Luna as of the date of this release and Luna undertakes no obligation to update any of the forward-looking statements after the date of this release.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250106056700r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250106056700\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250106056700\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/>Allison Woody<br \/>\n<br \/>Luna Innovations Incorporated<br \/>\n<br \/>Phone: 540.769.8465<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:woodya@lunainc.com\">woodya@lunainc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Virginia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Other Technology Nanotechnology Telecommunications Software Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250106056700\/en\/339326\/3\/LUNA_Logo4c.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Luna Innovations Stock to Be Suspended from Nasdaq Listing ROANOKE, Va.&#8211;(BUSINESS WIRE)&#8211; Luna Innovations Incorporated (Nasdaq: LUNA) (the \u201cCompany\u201d), a global leader in advanced fiber optic-based technology, today announced that, due to the Company\u2019s inability to meet the March 27, 2025 deadline to file its previously disclosed delinquent filings with the Securities and Exchange Commission to regain compliance, the trading in its securities will be suspended tomorrow, January 7, 2025, and subsequently delisted from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d). Following the suspension, the Company expects its shares to be eligible to trade on the over-the-counter (\u201cOTC\u201d) market, specifically the OTC Expert Market. The suspension\/delisting of the Company\u2019s stock from Nasdaq does not directly impact the Company\u2019s business operations. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/luna-innovations-stock-to-be-suspended-from-nasdaq-listing\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luna Innovations Stock to Be Suspended from Nasdaq Listing&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797990","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luna Innovations Stock to Be Suspended from Nasdaq Listing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/luna-innovations-stock-to-be-suspended-from-nasdaq-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luna Innovations Stock to Be Suspended from Nasdaq Listing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Luna Innovations Stock to Be Suspended from Nasdaq Listing ROANOKE, Va.&#8211;(BUSINESS WIRE)&#8211; Luna Innovations Incorporated (Nasdaq: LUNA) (the \u201cCompany\u201d), a global leader in advanced fiber optic-based technology, today announced that, due to the Company\u2019s inability to meet the March 27, 2025 deadline to file its previously disclosed delinquent filings with the Securities and Exchange Commission to regain compliance, the trading in its securities will be suspended tomorrow, January 7, 2025, and subsequently delisted from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d). Following the suspension, the Company expects its shares to be eligible to trade on the over-the-counter (\u201cOTC\u201d) market, specifically the OTC Expert Market. The suspension\/delisting of the Company\u2019s stock from Nasdaq does not directly impact the Company\u2019s business operations. 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