Nasdaq warns Harris over share price
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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