News

Luna Innovations Incorporated (OTCMKTS: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announces an update on select operating metrics.

Luna Innovations Incorporated, a global leader in advanced fiber optic-based technology, has expanded its product range with the addition of the Luna MPX 2010 multifunction polarization controller instrument.

Luna is excited to announce that our participation at SPIE. Photonics West 2025 to be held in San Francisco, California, January 28-30. Photonics West is a globally recognized event featuring the best solutions, components, instruments, and system supports for the optics and photonics industry.

Luna Innovations Incorporated announced that, due to the Company’s inability to meet the March 27, 2025 deadline to file its previously disclosed delinquent filings with the Securities and Exchange Commission to regain compliance, the trading in its securities will be suspended tomorrow, January 7, 2025, and subsequently delisted from The Nasdaq Stock Market LLC (“Nasdaq”). Following the suspension, the Company expects its shares to be eligible to trade on the over-the-counter (“OTC”) market, specifically the OTC Expert Market.

Luna Innovations Incorporated (Nasdaq: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced that, Pamela Coe, a member of the Board of Directors (the “Board”), will be retiring from the Luna board effective today. Ms. Coe was elected to the Board in May 2021 for a three-year term.

Luna Innovations announced that it has received a written notice on November 14, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC, stating that because the Company has not yet filed its Form 10-Q for the quarter ended September 30, 2024 and because the Company remains delinquent in filing its Form 10-Qs for the quarters ended March 31, 2024 and June 30, 2024 and its Form 10-K for the year ended December 31, 2023, and collectively with the Q1 2024 10-Q, Q2 2024 10-Q and Q3 2024 10-Q, it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.

Luna Innovations will be exhibiting at the upcoming ADIPEC 2024 Conference and Exhibition in Abu Dhabi, UAE, November 4-7. Luna will be located in Hall 14 – Stand 14338 (Digitalization Hall.)

Luna Innovations today announced the appointment of William L. Phelan as its new Chief Financial Officer and Chief Accounting Officer, effective immediately. Mr. Phelan succeeds John Roiko, who joined Luna out of retirement in May 2024 and played a key role in establishing a resilient foundation for Luna’s future growth. Following the appointment of Mr. Phelan, Mr. Roiko will shift to a consulting role to support the ongoing restatement process.  

Luna Innovations Incorporated (Nasdaq: LUNA), announced that on October 1, 2024, it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, due to the Company’s failure to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission, Nasdaq has determined that the Company’s securities will be scheduled for delisting from Nasdaq unless the Company requests an appeal of the determination to a Hearings Panel.

Luna Innovations Incorporated (Nasdaq: LUNA) announced that it has received a written notice on August 20, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that because the Company has not yet filed its Form 10-Q for the quarter ended June 30, 2024 and because the Company remains delinquent in filing its Form 10-Q for the quarter ended March 31, 2024 and its Form 10-K for the year ended December 31, 2023, it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

Luna Innovations Incorporated announced the appointment of Kevin Ilcisin as its new President and Chief Executive Officer, the retirement of Richard Roedel from the Board of Directors after nearly 20 years of service, and the closing of a $15 million junior secured term loan facility.