After struggling shipping company NewLead Holdings Ltd. received a deslisting notice from the Nasdaq exchange, it says it plans to request a hearing before the Nasdaq Hearings Panel to present a plan to regain listing compliance.

Nasdaq sent the company a delisting notice on June 25 after determining that the company hadn't been able to maintain the $1 minimum price requirement and that it had made false and misleading public disclosures. The exchange told NewLead that  company's stock would be deslisted unless NewLead requested a hearing before the panel by July 7.

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