SCO has admitted that it has been delisted from the Nasdaq following its announcement that it is heading into Chapter 11 bankruptcy.
In a press release, the company which tried to claim that it owned Linux, said it received a notice from The Nasdaq Stock Market indicating that the Company's securities will be delisted from Nasdaq on September 27, 2007.
SCO intends to request a hearing to review the determination, however it is unlikely that the Nasdaq panel will grant the Company's request for continued listing.