Nasdaq warns Harris over share price
Share
US— Nasdaq has given Harris Interactive 180 days to raise its share price as the research agency’s stock has closed below the minimum listing price of $1 for the last 30 consecutive business days.
Nasdaq says that if Harris’s shares manage to close above $1 for a minimum of 10 business days between now and March 2010 the firm will once again be compliant with the stock market’s minimum bid price rule.
If not, however, the company’s shares will be subject to de-listing – although the firm would be given the option to transfer trading to the Nasdaq Capital Market.
Harris shares were trading at $0.84 at the time of publication.
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