Ultrasound contrast developer Acusphere has received a letter from the Nasdaq stock market notifying the Watertown, MA, firm that it has fallen out of compliance with exchange listing requirements.
Nasdaq told the firm that for the past 30 days Acusphere stock has closed below the minimum $1 bid price required for listing on the Nasdaq Global Market. The company said that the notice as no effect on the listing of the firm's stock at this time, and Acusphere can regain compliance if its stock closes at $1 per share or higher for a minimum of 10 business days before July 8.
If Acusphere stock does regain compliance by July 8, its shares could be delisted from the Nasdaq Global Market.
Related Reading
Acusphere reports Q3 results, November 9, 2007
Acusphere releases Imagify study data, November 6, 2007
Acusphere names new CFO, October 4, 2007
Acusphere in 'partnership' discussions, September 20, 2007
Acusphere to raise $20 million, June 13, 2007
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