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Innovex Served Nasdaq Noncompliance Notice |
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Written by Administrator
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Monday, 26 November 2007 |
PLYMOUTH, MN – Innovex received a staff deficiency letter from Nasdaq stating that for the last 30 consecutive business days, the bid price of the company’s common stock has closed below the minimum $1 per share required for continued inclusion on the Nasdaq Global Market.
Therefore, the PWB fabricator was not in compliance and has until May 19 to regain compliance.
If at anytime before May 19, the bid price of the company’s common stock closes at $1 per share or more for a minimum of 10 consecutive business days, compliance will be achieved.
The Nasdaq staff deficiency letter has no effect on the listing of the company’s common stock at this time, Innovex reports.
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