NAS receives Nasdaq notice

AuntMinnie.com staff writers

Oct 8, 2007

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

Copyright © 2007 AuntMinnie.com

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