Does a Chapter 11 filing accelerate the delisting process?
NASDAQ allows 90 days after a stock trades under $ 1.00 before it is delisted.
“ In the case of Nasdaq stocks that fall below the trading minimum, Nasdaq sends a warning that the company has 90 days to get the stock trading at an acceptable level. If the company is unable to do so, Nasdaq then notifies the company of its imminent delisting. “