American Claims Evaluation, Inc. Regains Compliance with Nasdaq Marketplace Rules
December 17 2009 - 10:35AM
Business Wire
American Claims Evaluation, Inc. (Nasdaq: AMCE) (the “Company”)
announced today that it received notice from The Nasdaq Stock
Market (“Nasdaq”) on December 15, 2009 indicating that the Company
has regained compliance with Nasdaq Listing Rule 5550(a)(2)
relating to the minimum bid price of the Company’s common stock
(the “Shares”).
On September 15, 2009, the Company had received a deficiency
letter from Nasdaq indicating that the Company’s Shares were
subject to delisting from The Nasdaq Capital Market because for 30
consecutive business days the Company’s Shares had a bid price
below the $1.00 minimum bid as required for continued listing.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the
Company was provided a grace period of 180 calendar days, or until
March 15, 2010, to regain compliance with this requirement for
continued inclusion on The Nasdaq Capital Market.
Since then, the closing bid price of the Company’s Shares has
been at $1.00 per share or greater for at least 10 consecutive
business days. Accordingly, the Company has regained compliance
with Listing Rule 5550(a)(2) and the matter is now considered
closed.
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