Fusion sees being delisted following receipt of Nasdaq delisting notice
Fusion announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market on April 16, informing the company that it has not paid certain fees required by Listing Rule 5250(f). The company said it has decided that it is not in its best interest to challenge Nasdaq's determination at this time and anticipates, as indicated in Nasdaq's letter, that the company's common stock will be delisted from the Nasdaq Global Market and suspended effective at the opening of business on April 25. The common stock will remain listed on the Nasdaq under the symbol FSNN until delisted. "Following the delisting, the company anticipates that its common stock will be eligible to be quoted on the over-the-counter market, but no assurance can be made that trading in the company's common stock on the over-the-counter market will commence or be maintained," Fusion said.