GT Advanced won’t appeal Nasdaq ruling; trading suspended on Oct. 16

By Caroline Salls

Pittsburgh, Oct. 16 – GT Advanced Technologies Inc. will not appeal a determination by The Nasdaq Stock Market LLC to suspend trading in the company’s common stock, and trading of the stock was scheduled to be suspended at the opening of the market on Oct. 16, according to a news release.

As previously reported, Nasdaq said it would suspend trading of GT Advanced’s stock as a result of its Chapter 11 bankruptcy filing.

The company said its common stock would be eligible to trade on the OTC Markets Group, Inc.’s OTC Pink Marketplace effective Oct. 16 under the symbol, GTATQ.

Merrimack, N.H.-based GT Advanced Technologies is a provider of equipment and services that support the growth of the solar and LED industries. The company filed for bankruptcy on Oct. 6 in the U.S. Bankruptcy Court for the District of New Hampshire under Chapter 11 case number 14-11916.

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