WTN News FusionCIO Fusion CEO-CIO Symposium Digital Healthcare Conference Blogs WTN Media Advertise

Home Page Subscribe Calendar Columns IT Biotech Health Tech Economy Capital CIOs Visions More Topics…

Reproduction permitted for personal use only. For reprints and reprint permission, contact reprints@wistechnology.com.

Merge Healthcare meets Nasdaq minimum bid price

WTN News

July 9, 2008

Milwaukee, Wis. — Merge Healthcare (more articles) announced on Wednesday that the potential threat of delisting from Nasdaq due to stock price is over. The firm regained compliance because its shares traded above $1 per share for 10 consecutive days.

Merge was notified on April 2 that it was not in compliance with rules on minimum bid price and had until September 29 for the price to climb again. Merge hit its 52-week low of $0.26 in mid-May, then climbed again after filing its first-quarter report and announcing the sale of its overseas units in France and China for no proceeds to the company. It continued to rise after the announcement of private funding and the settlement of lawsuits in late May.

Nasdaq has now notified the company that it considers the matter closed, Merge said in a press release.

More articles:

Add Your Comment

Comment Policy: WTN News accepts comments that are on-topic and do not contain advertisements, profanity or personal attacks. Comments represent the views of the individuals who post them and do not necessarily represent the views of WTN Media or our partners, advertisers, or sources.

WTN Media cannot accept liability for the content of comments posted here or verify their accuracy. If you believe this comment section is being abused, contact edit@wistechnology.com.