Nasdaq approves NAS' plan for continued listing

AuntMinnie.com staff writers
Dec 12, 2007

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.

Related Reading

NAS takes $1 million loan, December 12, 2007

Nasdaq denies NAS listing request, October 17, 2007

NAS receives Nasdaq notice, October 9, 2007

NAS gets loan extension, October 5, 2007

NAS lands brachytherapy supply deal, October 3, 2007

Copyright © 2007 AuntMinnie.com

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