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HONOLULU-- The Nasdaq Stock Market has warned Hoku Corp. the company faces delisting because its stock continues to trade below $1 a share.

The Honolulu-based commercial solar power company says Nasdaq sent it a notice saying the company has until July 10 to maintain a minimum bid closing price of at least $1 for 10 straight business days.

The Honolulu Star-Advertiserreported Friday the company said in a Securities and Exchange Commission filing that it will consider all available options to resolve the deficiency and regain compliance with the minimum price requirement.

Hoku shares closed up 3 cents, or 3.6 percent, at 73 cents a share.

A Hoku subsidiary, Hoku Materials, has recently been in a dispute with Idaho Power Co. about unpaid electricity bills for a Pocatello manufacturing plant.

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