A Medical Device Daily
Xtent (Menlo Park, California) said it has provided written notice to the Nasdaq stock market of its intention to voluntarily delist its common stock from the Nasdaq Global Market. The company also said it filed its certificate of dissolution with the Secretary of State in Delaware, effective Aug. 27. These actions are being taken as part of the company's liquidation and dissolution plan, which its stockholders approved on Aug. 3.
Xtent said it would file with the SEC and Nasdaq a Form 25 relating to the delisting of its common stock. The company said it expects that trading in its common stock will be permanently suspended by Nasdaq effective at the open of trading on Aug. 17, with official delisting of the common stock effective 10 days thereafter, on or about Aug. 27.