Its common stock will be delisted from trading as of opening of business today (Thursday). It will immediately be eligible for quotation on the OTC Bulletin Board.
Nasdaq had warned the firm - a long-time pioneer of virtual imaging and the firm behind the NFL virtual ten-yard line - in January that it faced being delisted unless its stock rose stayed above the $1 a share price on or before March 10 and maintain a minimum $1 closing bid price for at least ten consecutive trading days immediately thereafter.
The Nasdaq Listing Qualifications Panel determined that PVI had failed to satisfy the terms of the exception.
PVI does not intend to appeal the delisting.
Said a spokesman: "PVI's management believes that PVI will continue to be able to provide all of its services to its clients."
Shares of Princeton closed on Wednesday at 25 cents a share, down 5 cents.
Virtual advertising firm Princeton Video Image (PVI) is to be delisted from the Nasdaq Stock Exchange because of its low share price - but management have said its future is safe.
