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Wednesday, Jun 7, 2023

Magnatek Back on the Board

Magnatek Inc., a Chatsworth-based maker of digital power controls, said today that the New York Stock Exchange has accepted its plan for continued listing. The details of the plan were not disclosed. Magnatek was notified in July that its market capitalization had fallen below $75 million over 30 trading days, triggering the delisting warning. Magnatek, with sales of $242 million, had 45 days to submit a plan for continued listing.

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