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Article: Nasdaq Panel Renders Determination on Listing of EXEG; Company Gains Extension to July to Regain Compliance.
- Article from:
- PR Newswire
- Article date:
- January 20, 2004
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Copyright informationCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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eXegenics Inc. announced that Nasdaq has notified eXegenics that a Nasdaq Listings Qualification Panel has rendered an opinion that eXegenics is entitled to an extension (until July 25, 2004) to come into compliance with Marketplace Rule 4450(a)(5) which requires a $1.00 minimum share price for listing on The Nasdaq SmallCap Market. During this period, it will be necessary for the Company's stock to trade at or above $1.00 per share for a minimum of 10 consecutive trading days to remain listed on the Nasdaq SmallCap Market. In their correspondence Nasdaq noted that the Panel's determination was based on a "careful review of the entire record," including an oral Company ...
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