Radiation therapy firm North American Scientific (NAS) reported that it has received a notice from Nasdaq stating that it does not comply with the minimum $10 million stockholders' equity requirement for continued listing on the market.
In addition, the notice indicated that NAS does not comply with the minimum $50 million market value of listed securities requirement for continued listing, according to the Chatsworth, CA-based firm.
NAS said it will submit a plan that it believes will allow it to achieve and sustain compliance with all Nasdaq listing requirements, including the minimum stockholders' equity standard.
By AuntMinnie.com staff writers
March 20, 2006
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