Veeco Fights to Avoid NASDAQ Delisting

Veeco Instruments is trying to avoid delisting from the NASDAQ stock market.

The Plainview company reported Friday that it had received a notice that it "has not regained compliance with NASDAQ Listing Rule 5250(c)(1), the continued listing requirement to timely file all required periodic reports with the Securities and Exchange Commission, and, therefore, that its common stock would be subject to delisting unless the Company timely requests a hearing before a NASDAQ Listing Qualifications Panel."

 The company has asked for a hearing where it will present its plan for regaining compliance, and request continued listing pending its return to compliance. The hearing request will result in an automatic stay of delisting until at least June 17.