For example, Saflink may not be in compliance with the Nasdaq Capital Market initial listing criteria, except for the bid price
requirement, when Nasdaq makes its determination whether to provide Saflink with an additional 180-day period to comply with the bid price
As previously disclosed, DG Systems was informed in February that because the closing bid price
of its common stock was not in compliance with the $1.
00 minimum closing bid price
requirement on the Nasdaq Capital Market, thereby providing the Company with sufficient time to effect the proposed reverse stock split.
The Company was initially notified on July 20, 2005, that its stock had closed below the minimum bid price
for 30 consecutive days.
If the Company cannot demonstrate compliance with the Rule by June 20, 2006, the Staff will determine whether the Company meets the Nasdaq Capital Market initial listing criteria as set forth in Marketplace Rule 4310(c), except for the bid price
If at any time before June 12, 2006, the bid price
of the Company's common stock closes at $1.
Xcyte, the "Company") (Nasdaq:XCYT) (Nasdaq:XCYTP) received a notice from The Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price
Rule"), and as a result the Company's common stock will be delisted at the opening of business on December 15, 2005 unless the Company requests a hearing in accordance with the Nasdaq Marketplace Rules.