Novato, Calif. - Sonic Solutions, a provider of professional and consumer DVD and CD creation software, announced on Tuesday that it has received an additional notice from the Nasdaq that its shares of in danger of being delisted, this time due to its failure to file its quarterly report on time.

The company said in February that it had commenced a voluntary review of its stock option grant practices, and reported today that it "lacks sufficient documentation" for some grants, adding that necessary adjustments to previous financial statements "will be material."

Sonic stated that there can be no assurance that the Nasdaq will determine that its shares should remain listed pending completion of a review by the exchange's Listing Qualifications Panel.  

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