October 24, 2012
A123 Delisted From NASDAQ
Lithium-ion battery maker A123 Systems, which filed for bankruptcy protection this month, received notice from the Nasdaq stock exchange that its shares will be delisted as of Thursday.
A123’s share price had already been below the $1 threshold to remain listed, and had received a warning in August from the exchange.
A123 recently announced that Johnson Controls would purchase its automotive operations in Michigan, cathode power manufacturing facilities in China and A123's equity interest in Shanghai Advanced Traction Battery Systems, the company's joint venture with Shanghai Automotive in China.
The company also said a previously announced deal with Wanxiang Group is no longer happening.
A123 has operations in Westborough and Hopkinton.
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