TRX To Delist From Nasdaq

TRX will leave the Nasdaq later this month after the exchange on March 11 informed the company it no longer met a Nasdaq listing rule to maintain at least $2.5 million in stockholders' equity. The company since 2008 also has been in violation of a rule requiring a minimum stock bid price of $1, and a grace period excepting TRX from that rule was due to expire at the end of this month. The company went public in 2005.