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Biotech Business
Spherix Receives NASDAQ Bid Price Deficiency Letter
August 9th, 2008
Spherix Incorporated (NASDAQ:SPEX) reported that on July 21, 2008, it received written notification from NASDAQ advising the Company that the bid price of the Company's common stock for the last thirty (30) consecutive business days had closed below the minimum $1.00 per share required for continued listing on NASDAQ. This notice has no effect on the listing of the Common Stock at this time. Spherix has been provided an initial period of 180 calendar days, or until January 20, 2009, to regain compliance with the minimum price requirement. The notification further provides that NASDAQ will provide written notification stating that the Company has achieved compliance if...
Source: Law & Health Weekly (2008-08-09)
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