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Article: Environmental Power Corporation Receives Nasdaq Non-Compliance Letter Relating to Minimum Bid Price Requirement.
- Article from:
- Energy Weekly News
- Article date:
- October 9, 2009
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Environmental Power Corporation (NASDAQ:EPG) ("Environmental Power" or the "Company") announced that on September 22, 2009, it received a letter, dated September 15, 2009, from the Nasdaq Stock Market's Listing Qualifications Department providing notification that, for the last 30 consecutive business days, the bid price of the Company's common stock had closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2).
The notification has no immediate effect on the listing of Environmental Power's common stock on The Nasdaq Capital Market. The Company's common stock continues to ...