Former soft drinks manufacturer-turned-Blockchain development company, Long Blockchain Corp., will be delisted from the Nasdaq Stock Market (Nasdaq), according to an announcement April 10.
Long Blockchain Corp. (LBCC) first received a delist notice from Nasdaq on Feb. 15 for low market capitalization, after which the company appealed the determination and a hearing took place on March 22. The Nasdaq Hearings Panel ruled against Long Blockchain Corp. and their shares will be suspended from the Nasdaq Capital Market starting April 12.