VANCOUVER, July 27 -- 360networks announced that the company's securities would be delisted from the Nasdaq Stock Market at the opening of business today. The decision, made jointly by 360networks and Nasdaq, follows 360networks' voluntary filings on June 28 for protection under the Companies' Creditors Arrangement Act in Canada and its US subsidiaries under Chapter 11 of the US Bankruptcy Code.
Nasdaq halted trading of 360networks' stock (TSIXQ) on June 27. The last trading price was US $0.21. 360networks' stock continues to trade on the Toronto Stock Exchange under the TSX trading symbol.