Pharma Investments, Ventures & Law Weekly
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Irvine Sensors Corporation
Irvine Sensors Receives Nasdaq Staff Determination Regarding Minimum Bid Price
June 29th, 2008
Irvine Sensors Corporation (NASDAQ:IRSN) announced that it received a Nasdaq Staff Determination (the "Staff Determination") on June 5, 2008 indicating that the Company is not in compliance with the $1.00 minimum bid price requirement for continued listing set forth in Nasdaq Marketplace Rule 4310(c)(4), and that the Company's securities are, therefore, subject to delisting from The Nasdaq Capital Market. Accordingly, unless the Company requests a hearing to appeal the Staff Determination before a Nasdaq Listing Qualifications Panel (the "Panel"), the Staff Determination states that trading of the Company's common stock will be suspended at the opening of business on June 16, 2008 and the...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-29)
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