NewLead (NEWL) Receives NASDAQ Notification Letter Regarding Minimum Bid Price Requirement
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NewLead Holdings Ltd. (NASDAQ: NEWL) today announced that on September 13, 2012 the Company received a written notification from the NASDAQ Stock Market LLC ("NASDAQ") indicating that the Company is not in compliance with the NASDAQ Listing Rule 5450(a)(1) because the minimum bid price of its common shares was below $1.00 per share for the previous 30 consecutive business days (the "minimum bid price requirement").
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