Merge regains Nasdaq compliance

AuntMinnie.com staff writers
Jul 9, 2008

Merge Healthcare of Milwaukee is once again in compliance with the Nasdaq stock market's minimum bid price rule.

The healthcare IT and advanced visualization developer's common stock has maintained a closing per-share bid price of at least $1 or more for at least 10 consecutive business days.

Nasdaq stipulates that common stock prices are not allowed to close at a bid price of less than $1 per share for 30 consecutive business days. In April, Nasdaq notified Merge that its stock has fallen below the $1 level for 30 straight days, and gave the company 180 calendar days or until September 29 to regain compliance.

Related Reading

Merge gets Fusion PACS MX install, July 8, 2008

Merge cuts payroll again in reorg, June 5, 2008

Merge completes financing, changes board, June 5, 2008

Merge inks private placement financing deal, May 22, 2008

Merge upgrades Fusion PACS MX, May 19, 2008

Copyright © 2008 AuntMinnie.com

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