SPACEHAB (SPAB) Receives Delisting Notification From Nasdaq
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SPACEHAB (NASDAQ: SPAB) announced that the Company's common stock has closed for more than 30 consecutive days below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market under Marketplace Rule 4310(c)(4).
In accordance with Nasdaq rules, the Company has been afforded 180 calendar days, or until October 6, 2008, to regain compliance with the minimum bid price requirements. If at anytime before October 6, 2008 the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days, Nasdaq will provide written notification that the Company complies with the Marketplace Rule.
SPACEHAB, Incorporated provides a range of products and services that focus on the requirements of industry, governments and academia requiring access to, and utilization of the environment of space. [SM]
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