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Thread: Nasdaq extends freeze on delisting proceedings until April 20th, '09...

  1. #11
    homer985 is offline
    Senior Member
    homer985's Avatar
    Joined: Mar 2008 Posts: 485
    What is NASDAQ's compliance process for companies failing to meet the $1.00 minimum bid price requirement?

    NASDAQ uses the consolidated closing bid price to determine whether a company complies with this requirement. If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.

    http://www.nasdaq.com/about/FAQsContinued.stm



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  2. #12
    Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    Thanks Homer,

    So that takes the deadline to get the stock to over $1 out to the end of May, 2010...

  3. Ad Fairy Senior Member
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