The notice comes after Digirad stock fell below the minimum price of $1 for 30 consecutive business days.
The company can regain Nasdaq compliance if its closing stock bid price is $1 or more for a minimum of 10 consecutive business days. The deadline to comply is July 8. If Digirad's stock price stays below the $1 mark, the stock will be transferred to the Nasdaq Capital Market and could be eligible for an additional compliance period of 180 days.
In a company statement, Digirad said it plans to "actively monitor the closing bid price of its common stock and will evaluate available options, including, without limitation, seeking to effect a reverse stock split, in order to resolve the deficiency and regain compliance with the minimum bid price rule."
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