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Irvine-based Ubiquity Inc. has agreed to the Securities and Exchange Commission’s division of enforcement’s recommendation that its stock be revoked. Ubiquity signed a settlement offer, according to the commission. Its stock is currently trading at .075 cents.

It’s now up to the commission to make this decision final.

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Ubiquity Inc. was supposed to update its filings with the SEC by June 30 but missed the deadline. In March, the SEC temporarily suspended its stock, citing a lack of current and accurate information due to delinquent required periodic filings.

The Irvine-based company has been transitioning from traditional media and toward augmented and virtual reality work. It began in 2007 as a film and video production, post production, and graphics company with its own studios.

The company is led by founder Chris Carmichael.