Statordyne Agrees to Halt of Stock Listing

Statordyne Corp., an Anaheim manufacturer of electric power generators, said Friday that it consented to the removal of its common stock and warrants from the American Stock Exchange’s Emerging Company Marketplace because it could not meet the $1-million shareholder equity requirement for continued listing. Statordyne stock was halted from trading on Feb. 15.

The company said it expects that a market for its securities will be established over the counter.