Kintera (KNTA) Receives Delisting Notification
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Kintera, Inc. (NASDAQ: KNTA) received a notice from the Nasdaq Stock Market indicating that it has failed to comply with Nasdaq Marketplace Rule 4450(a)(5), which requires a minimum $1.00 per share bid price for the Company’s common stock, for 30 consecutive business days.
Under Nasdaq Marketplace Rule 4450(e)(2), the company has an initial period of 180 calendar days to regain compliance with this listing requirement. If at any time before September 29, 2008, the minimum bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide the company with written notification that it has achieved compliance with this rule.[SM]
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