Radiation therapy firm North American Scientific (NAS) has received another notice from the Nasdaq Stock Market that it is in noncompliance with the exchange's listing requirements. The company's common stock bid price has closed below the minimum $1 per share listing requirement for the last 30 consecutive business days.
As a result, the Chatsworth, CA-based firm has 180 calendar days to regain compliance. If the common stock bid price closes more than $1 per share for a minimum of consecutive 10 business days, NAS will regain compliance. If not, Nasdaq will provide written notification that the company's common stock will be delisted.
NAS received a delisting notice in September related to the exchange's stockholder equity requirements.
By AuntMinnie.com staff writers
October 9, 2007
Related Reading
NAS gets loan extension, October 5, 2007
NAS lands brachytherapy supply deal, October 3, 2007
NAS ClearPath used in APBI procedure, September 28, 2007
NAS receives Nasdaq notice, September 25, 2007
NAS posts mixed results in Q3, September 21, 2007
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