Article: LUNA SET TO MAKE CASE TO NASDAQ

As proceedings continue in bankruptcy court, Luna Innovations Inc. is preparing to face a litany of problems that could result in the Roanoke company being delisted from the Nasdaq Stock Market.

A hearing before the Nasdaq listing qualifications panel is set for Aug. 27 in Washington, D.C. It was initially scheduled after Luna filed for Chapter 11 bankruptcy protection July 17. Luna has paid $5,000 to Nasdaq for the hearing.

A high-tech company that develops and manufactures products for the health care, telecommunications, energy and defense markets, Luna employes about 200 people and has locations in Roanoke, Blacksburg, Charlottesville and Danville. Since raising $21 million with its ...

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