Lumera gets NASDAQ warning Puget Sound Business Journal (Seattle)

Lumera Corp. said it’s received a letter from the NASDAQ stock exchange, warning that the company is in danger of being delisted because its shares don’t meet the exchange’s minimum bid price of $1.

The exchange is giving the Bothell company until Feb. 10, 2009, to regain compliance. But Lumera (NASDAQ: LMRA), which in March said it will merge with GigOptix LLC of Palo Alto, Calif., said it expects the merger will be completed before the end of the compliance period.

Lumera’s shares haven’t traded above $1 per share since late June.

Lumera makes electro-optic polymer modulators used in defense satellite and radar applications. The headquarters of the combined company will be located in California.