Luna Innovations to be suspended from Nasdaq listing

Luna Innovations (LUNA) yesterday announced that, due to the company’s inability to meet the March 27 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 on January 7, and subsequently delisted from The Nasdaq Stock Market. Following the suspension, the company expects its shares to be eligible to trade on the over-the-counter market, specifically the OTC Expert Market. Kevin Ilcisin, the company’s President and Chief Executive Officer, said, “While 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.”