In February, the exchange sent it another delisting notice, alleging that the Farmingdale, New York-based company “made a series of public statements designed to mislead investors and to take advantage of general investor interest in Bitcoin and blockchain technology.” The company said in a February filing that it “strongly disagrees” with Nasdaq’s assertion.
Long Blockchain said Tuesday that it plans to apply for its stock to be traded over the counter. Longfin said it intends to submit a plan of compliance to Nasdaq by April 13, which could convince the exchange to extend its filing deadline to July 9.
This article was provided by Bloomberg News.