September 28, 2009 (FinancialWire) — MMC Energy, Inc. (NASDAQ: MMCE) has notified the NASDAQ Stock Market (NASDAQ) of its intent to delist its common stock from the NASDAQ Global Market.

The company currently anticipates that on the later of October 5, 2009 or the closing date of the previously-disclosed sale of its two GE LM6000 PC Sprint Turbines for $26.65 million to a subsidiary of Pro Energy (which sale is expected to close no later than October 7, 2009) it will file with the Securities and Exchange Commission and NASDAQ a form 25 relating to the delisting of the common stock. The company expects that trading in the common stock will be suspended by NASDAQ effective at the open of business of the date upon which the form 25 is filed, with official delisting of the common stock becoming effective ten days thereafter.

The company intends to file its certificate of dissolution with the secretary of State of the State of Delaware following the closing of the sale of the turbines and close its stock transfer books at the close of business on such date.

The company is currently liquidating its electricity generating and energy infrastructure-related assets in the United States.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.