October 20, 2008

Nasdaq Suspends Bid Price and Market
Value Requirements

In light of recent market turmoil, Nasdaq has suspended the following continued listing requirements through Friday, January 16, 2009:

  • $1.00 Minimum Closing Bid Price


  • Minimum Market Value of Publicly Held Shares

Effective immediately, and through January 16, 2009, issuers will not be penalized for any new violations of these two listing tests, and companies presently in the delisting process for such matters will remain at their current stage in that process. However, issuers remain subject to delisting for violations of any other listing requirements.