Citizens First Bancorp (CTZN) Receives Non-Compliance Notification From NASDAQ
Citizens First Bancorp (NASDAQ: CTZN) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market notifying the Company that it failed to comply with Nasdaq's minimum bid price requirements for continued listing set forth in Nasdaq Marketplace Rule 5450(a)(1), which requires companies to maintain a minimum bid price of $1.00 per share.
The Staff will provide written notification to the Company that it has achieved compliance with the Minimum Bid Price Rule if, at any time before April 7, 2010, the minimum bid price of the Company's common stock closes at $1.00 per share or more for at least 10 consecutive trading days.
The Staff will provide written notification to the Company that it has achieved compliance with the Minimum Bid Price Rule if, at any time before April 7, 2010, the minimum bid price of the Company's common stock closes at $1.00 per share or more for at least 10 consecutive trading days.
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