Verichip on Thursday said that it also currently complies with all other applicable standards for continued listing on the Nasdaq Capital Market.
This Nasdaq notice follows its earlier communication in mid-July 2009 that Verichip would be afforded 180 calendar days, beginning on 3 August 2009, to address its non-compliance with the minimum bid price requirement.
To regain compliance, the company's common stock needed to evidence a closing bid price of at least USD1.00 per share or more for a period of at least 10 consecutive trading days.
Verichip said that on 29 September 2009 the closing bid price of its common stock was USD2.61 per share, the tenth consecutive trading day on which the closing bid price of its common stock was above USD1.00 per share.
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