Internet access provider
will be delisted from the
Nasdaq National Market
Monday for failing to meet continued listing requirements.
Nasdaq halted trading of the Lowell, Mass., company's stock on Nov. 17 after ZipLink said it would immediately suspend its operations and fire up to 80% of its employees. The company, which went public in 1999, couldn't raise needed capital or find a buyer.
ZipLink doesn't plan to seek the listing or inclusion of its common stock on any other stock exchange or quotation system and plans to file today an application to terminate the registration of its common stock with the
Securities and Exchange Commission