Impedance cardiography (ICG) developer CardioDynamics of San Diego has updated its plans for bringing the company back into compliance with the Nasdaq stock exchange's listing requirements.
In April, CardioDynamics received a letter from Nasdaq indicating that the company was not in compliance with the minimum bid price requirement because its common stock had closed below $1.00 per share for 30 consecutive trading days.
The company was given 180 calendar days, or until October 15, to regain the minimum per share requirement; if it is unable to do so, it may then elect to transfer to the Nasdaq Capital Market, which would give the company until mid-April 2008 to regain the $1.00 per share minimum requirement.
If the company is again unable to do so, it may appeal to Nasdaq with a business and capitalization plan that shows how it expects to meet the minimum bid price requirements.
By AuntMinnie.com staff writers
August 9, 2007
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CardioDynamics boosts sales force, December 12, 2006
CardioDynamics shows Q1 sales slump, April 7, 2006
CardioDynamics makes management moves, December 12, 2005
CardioDynamics posts Q2 downturn, June 29, 2005
CardioDynamics signs Premier deal, April 28, 2005
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