Syntroleum (SYNM) Regains NASDAQ Compliance
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Syntroleum Corporation (NASDAQ: SYNM) received a letter from Nasdaq on May 13, 2008, indicating the Company has regained compliance with the Nasdaq Stock Market.
On February 1, 2008, Syntroleum was notified that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Marketplace Rules of The Nasdaq Stock Market. Since then, the closing bid price of the Company's common stock has been at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, Syntroleum has been notified by Nasdaq that the company has regained compliance and the matter is now closed.
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