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Plug Receives Delisting Warning From Nasdaq for Sub-$1 Shares

Oct. 12 (Bloomberg) -- Plug Power Inc., the fuel-cell maker that’s reported net losses each quarter since its shares began trading, received a warning that it may be delisted from the Nasdaq Stock Market.

Plug received a notice of noncompliance today after its shares closed below the minimum $1 for 30 consecutive trading days, the Latham, New York-based company said in a statement. It has until April 10 to regain compliance by posting a closing price of at least $1 for 10 straight business days.

Link to Statement:{NSN MBSQX73PWT1C <GO>}

Link to Company News:{PLUG US <Equity> CN <GO>}

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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