NMTI Medical (NMTI) Receives Minimum Bid Notification from NASDAQ
In a Form 8-K, NMT Medical (Nasdaq: NMTI) disclosed that on July 30, it received a notification from the The NASDAQ Stock Market providing notification that, for the previous 30 consecutive business days, the bid price of the Company's common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under NASDAQ Listing Rule 5550(a)(2). The Company, in accordance with NASDAQ Listing Rule 5810(c)(3)(A), has been provided 180 calendar days, or until January 26, 2011, to regain compliance. To regain compliance, the bid price of the Company's common stock must close at $1.00 per share or more for a minimum of ten consecutive business days at any time before January 26, 2011.
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