Transcend Services, Inc., which provides web-based medial transcription series, says it will appeal a delisting decision by Nasdaq.

Transcend (Nasdaq SmallCap: TRCR) received the delisting notification on Dec. 24. The company requested a hearing on Dec. 26. Transcend notified Nasdaq it did not meet Nasdaq’s required minimum $2.5 million in stockholders’ equity in November and later filed a written plan to reach compliance. Nasdaq rejected the company’s strategy on Dec. 24.