Iridium stock de-listed on Nasdaq

Financially troubled satellite-based communications provider Iridium late Monday announced that the Nasdaq exchange as of Friday has de-listed the stock of Iridium World Communications, the company's public investment vehicle.

Nasdaq suspended trading of Iridium shares as early as August 13, and informed Iridium about its intent to de-list the stock on October 20, the company said in a statement.

Iridium has been under Chapter 11 bankruptcy protection in the US since August.

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