Healthcare IT and advanced visualization developer Merge Healthcare has received a warning from the Nasdaq Stock Market that the company is not in compliance with Nasdaq's minimum bid price rule, according to Milwaukee-based company.
Merge's shares of common stock have closed at a per-share bid price of less than $1.00 for 30 consecutive days. Nasdaq is giving Merge 180 calendar days, or until September 29, to bring its per-share price up over the minimum. To regain compliance, Merge's common stock must close at $1.00 per share for more for 10 consecutive business days.
If Merge is unable to comply, it will be delisted from Nasdaq.
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