North American Scientific Inc. is ineligible for listing on the Nasdaq Global Market for failing to meet minimum requirements, the company announced. The Nasdaq Stock Market notified the Chatsworth-based maker of radiation therapy products of failure to comply with the minimum $10 million stockholders’ equity requirement and the minimum $50 million market value of listed securities. The company will submit a plan to meet and sustain compliance with all Nasdaq Global Market listing requirements, including the minimum stockholders’ equity standard. Nasdaq Staff will review the company’s plan and determine if it is satisfactory to achieve compliance in the short term and sustain compliance in the long term.
