Radiation therapy products firm North American Scientific (NAS) has received approval from the Nasdaq Stock Market for the company's request to transfer from the Nasdaq Global Market to the Nasdaq Capital Market, the Chatsworth, CA-based company said.
The transfer will take place pending NAS' proof that it has received funds sufficient to put it in compliance with the Capital Market shareholders' equity requirement of $2.5 million by January 17, 2008. NAS must file its Form 10-K for the fiscal year ended October 31, 2007, to demonstrate that it has shareholders' equity in this amount on or before January 31, 2008.
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