Friday, January 25, 2019

Interlink Electronics Abandons Nasdaq

Westlake Village-based electronics developer Interlink Electronics said late Thursday that it plans to voluntarily delist its stock from the Nasdaq Stock Market, and deregister its common stock. According to Interlink--which currently is listed on the NASDAQ as LINK--the move will help it "accelerate long-term profitable growth", and help it reduce its cost structure, including the costs of being Nasdaq listed and an SEC reporting company. Interlink says it has fewer that 300 holders of record of its shares. Interlink said "the benefits to the Company and its stockholders of continued Nasdaq listing and SEC reporting did not justify the costs of maintaining that listing and continuing to publicly report." Interlink said it expects its delisting to become effective on or about February 14th.