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Article: Tripath Technology Appeals Staff Determination Letter from Nasdaq.
- Article from:
- Business Wire
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Business Wire. 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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SAN JOSE, Calif. -- Tripath Technology Inc. (Nasdaq:TRPH) today announced that it has received and is appealing, a Staff Determination Letter from Nasdaq. The Staff Determination Letter, which was received on May 26, 2005, indicates that the Staff had on April 25, 2005 notified the Company that the market value of its listed securities had been below the minimum $50 million required for inclusion set forth in Marketplace Rule 4450(b)(1)(A) for the previous 10 consecutive trading days and in accordance with Marketplace Rule 4450(e)(4) the Staff had provided the Company with 30 calendar days, or until May 25, 2005, to regain compliance. The Staff Determination Letter further ...