Trimedyne Shares Resume Nasdaq Trading
Trimedyne Inc.’s stock is trading again after an interruption in market activity that the company blamed on a “clerical error.”
Nasdaq market officials halted trading of the medical laser designer’s shares Friday. Trimedyne said that was because Nasdaq was awaiting proof that the company has a valid Nevada corporate charter.
Trimedyne was late in getting that information to Nasdaq because the company’s corporate charter had temporarily lapsed when a form was not filled with the state on time, Trimedyne said.
Trimedyne’s stock closed unchanged Wednesday at 94 cents.