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Sonex expects SEC to revoke stock registration

Capital Gazette Communications
Published 02/27/07

Shareholders of Annapolis-based Sonex Research won't be able to trade their stock publicly if the company reaches an agreement with federal regulators.

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Sonex Research, a publicly traded company focused on combustion technology, was recently warned by the U.S. Securities and Exchange Commission that its registration to trade common stock will be revoked if the company doesn't provide current financial filings.

Sonex has been delinquent with its annual and quarterly reports since 2004.

Instead of filing the papers, Sonex officials this month submitted a settlement offer with the SEC to revoke its registration. Company...

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