Radiation therapy firm North American Scientific (NAS) has received a notice from the Nasdaq Stock Market that it remains noncompliant for its minimum bid price for common stock, the company reported.
The compliance period Nasdaq gave to NAS expired April 2. The company failed to regain compliance within 180 calendar days with the minimum $1.00 bid price per share requirement.
NAS' common stock is subject to delisting from the Nasdaq Capital Market on April 15. NAS has until April 11 to appeal.
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NAS completes $15.5 million in financing, January 22, 2008
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