Mentergy (Nasdaq:MNTE) announced that it has applied to Nasdaq for a transfer to Nasdaq's Small Cap Market. Mentergy had received a letter from Nasdaq warning that it would be delisted from the Nasdaq National Market because Mentergy's publicly held shares failed to maintain a minimum market value of $5 million as required by Nasdaq rules.

Ramat Gan-based Mentergy, which develops e-learning systems and also maintains offices in Salt Lake City, Utah, and in Troy, New York, will continue to be subject to the reporting requirements of the U.S. Securities and Exchange Commission.