Mesa receives Nasdaq delisting noticeJune 20, 2008 2:33 PM ET advertisement

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All bizjournals.com newsMesa Air Group announced Friday it has received a Nasdaq determination letter indicating the company doesn't comply with the minimum bid price requirement for continued listing.

Mesa (Nasdaq: MESA) said it has been given 180 calendar days, or until Dec. 15, to regain compliance. Mesa will regain compliance if the bid price for its common stock closes at $1 per share or more for a minimum of 10 consecutive business days.

If Mesa doesn't regain compliance, Nasdaq will notify the company that its securities will be delisted. Mesa said it intends to request a hearing if it doesn't regain compliance.

Mesa, parent company of Hawaii interisland carrier go! airlines, received the notification because its shares closed below the minimum $1 for the last 30 business days.

Shares of Mesa stock were down 5 percent to 56 cents in afternoon trading.


If its securities are delisted...what does that mean for mesa?