Electronic-payment company CyberCash said Friday it plans to voluntarily delist its shares from the Nasdaq Stock Market. The Reston, Va.-based company said it plans to have its shares trade over the counter.
The Nasdaq halted trading in CyberCash's stock earlier this month when the company filed for Chapter 11 bankruptcy protection. The company has agreed to sell its assets to Network 1 Financial. The Nasdaq had previously notified CyberCash that it faced delisting because of its financial difficulties and bankruptcy situation.