Danka faces Nasdaq delisting

The embattled Danka Business Systems suffered another blow this week, when Nasdaq warned that it might delist the company. According to federal filings Friday, the warning was triggered because, for the last 30 business days, Danka’s stock has closed below the $1 per share minimum. The stock closed Friday at 85 cents, up 4 cents. The company has until Feb. 26 to regain compliance, which means its shares must close at the $1 minimum for at least 10 consecutive business days. The St. Petersburg company distributes photocopiers and other office equipment.

-- TImes Staff Writer Christina Rexrode