Emak Worldwide Inc. said Tuesday afternoon that the Nasdaq Global Stock Market has approved its application to transfer its common stock listing to the Nasdaq Capital Market effective Wednesday.

The Los Angeles-based marketing firm said it sought the transfer because it expected to fall short of Nasdaq’s listing requirement of maintaining a minimum market capitalization of $15 million. Emak said it is in compliance with “all of the requirements for continued listing.”

“Emak’s trading symbol remains unchanged and so the move is otherwise seamless to investors,” said Jim Holbrook, the company’s chief executive.

Emak hasn’t posted a profit since 2003, and its shares have lost 70 percent during that span.

Shares in Emak closed down 10 cents, or 3.2 percent, to $2.95 in trading Tuesday in its last day of trading on the Nasdaq Global exchange.