Seven Arts (SAPX) Gets 180-Day Extension from Nasdaq to Meet $1 Minimum Bid Rule
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Seven Arts Entertainment Inc. (Nasdaq: SAPX) received a letter from The NASDAQ Stock Market LLC approving the Company's request for a 180-day extension of time to regain compliance with the NASDAQ bid price requirement by demonstrating a closing bid price for its common stock of $1 or more for at least ten consecutive trading days. The new compliance period will expire on September 20, 2012.
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