TranSwitch plummets after announcing voluntary Nasdaq delisting

|About: TranSwitch Corp. (TXCCQ)|By:, SA News Editor

TranSwitch (TXCC -30.9%) plummets after the company announced it will voluntarily delist from the Nasdaq.

The company's decision was partly based on its continued non-compliance with the Nasdaq's minimum closing bid and equity requirements.

TranSwitch plans to file notice with the SEC on Aug. 30. Then, in approximately 10 days, the stock will be delisted.

The company aims to list on the OTC markets and continue reporting with the SEC.

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