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Article: Millennium Cell Receives Nasdaq Deficiency Notice Related to Minimum Bid Price.
- Article from:
- Business Wire
- Article date:
- April 25, 2007
CopyrightCOPYRIGHT 2007 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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EATONTOWN, N.J. -- Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced today that it received a Nasdaq Staff Deficiency Letter from the Nasdaq Stock Market. The letter states that for the last 30 consecutive business days, the bid price of the Company's stock has closed below the $1.00 minimum per share requirement for continued listing as set forth in Marketplace Rule 4310(c)(4). According to Nasdaq regulations, Millennium Cell will be provided 180 calendar days, or until October 22, 2007, to regain compliance. This letter has no effect on the listing of the Company's common stock at this time.
The Letter also ...