SCO plans to request a hearing with the Nasdaq to appeal its decision, according to the company. In the interim, the company's stock will trade under the ticker "SCOXE" starting on Friday.
SCO's fiscal year ended October 31, but it said it has yet to file its annual report because it is reviewing its handling of stock options as a form of compensation.
"The company is working to resolve these matters as soon as possible and expects to file its (annual report) upon completion," SCO said in a statement.
The company has been under pressure to reinvigorate its business as its revenue has tumbled and its losses have increased.
With its request for an appeals hearing, SCO can stay the pending delisting that is scheduled for the market's open on February 25. The company noted, however, that there is no guarantee the appeals panel will grant its request to remain listed.
SCO, a former Linux seller that focuses now on just Unix products, is embroiled in other legal matters, as well.
The company has several copyright infringement lawsuits pending, which allege that part of SCO's Unix source code has been copied into Linux. One of its most notable cases is a US$5 billion lawsuit against IBM, which shocked the industry when it was filed in 2003.
SCO also has threatened to file lawsuits against other companies using Linux, though it missed an earlier deadline to do so.
