Luna Innovations Stock Faces Delisting from Nasdaq as Filing Deadline Passes

Luna Innovations Incorporated, a prominent player in fiber optic-based technology solutions, announced today that its securities trading will be halted starting January 7, 2025, ultimately resulting in removal from Nasdaq’s listing. The decision stems from the company’s failure to submit required regulatory documents by the March 27, 2025 compliance deadline to the Securities and Exchange Commission.

From Nasdaq to OTC: What This Means

Following the trading suspension, Luna Innovations stock is anticipated to transition to the over-the-counter market, particularly the OTC Expert Market tier. While this represents a significant shift in where investors can trade the company’s shares, Luna Innovations emphasized that the delisting will not materially affect its core business operations. The company plans to continue serving its customer base, maintaining supplier relationships, and pursuing strategic initiatives without disruption.

Operational Momentum Despite Regulatory Challenges

Kevin Ilcisin, President and Chief Executive Officer, offered a forward-looking perspective on the situation. He acknowledged disappointment regarding delays in the restatement process but highlighted encouraging developments within the organization. Throughout the second half of 2024, the company achieved important business wins that demonstrate operational improvement and renewed focus. Ilcisin pointed to these successes as evidence of the team’s commitment to delivering high-quality products and services to its customer base.

What Investors Should Know

Luna Innovations stock’s relocation from Nasdaq to the OTC Expert Market introduces new considerations for shareholders. The OTC markets typically involve different trading mechanics, lower liquidity in some cases, and distinct regulatory oversight compared to major exchanges. However, the company maintained that this transition will not hinder its fundamental business trajectory or customer relationships.

Looking Ahead

The company intends to release a comprehensive business update during the remainder of January, including preliminary revenue figures and booking data for fiscal year 2024. This update will provide investors and stakeholders with a clearer picture of operational performance and financial positioning heading into 2025.

About Luna Innovations

Luna Innovations Incorporated specializes in advanced fiber optic technology, with particular expertise in high-performance test products for telecommunications applications and distributed fiber optic sensing solutions across multiple industries. The company has built its business model around accelerating the commercialization of cutting-edge technologies.

Forward-Looking Statements and Risk Factors

Statements made in this announcement that are not historical in nature constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These projections involve inherent risks and uncertainties related to the transition to OTC markets, potential impacts on trading and valuation, and execution of strategic alternatives. Actual outcomes may differ materially from stated expectations. The company’s Form 10-Q filing for the quarter ended September 30, 2023, and subsequent SEC filings detail relevant risk factors. Additional information is available through the SEC website and Luna Innovations’ official channels. The company makes no commitment to update forward-looking statements after this release date.