NationsHealth to comply with NASDAQ
NationsHealth (Sunrise, Florida) said it was advised by the NASDAQ listing qualifications department that for at least 30 consecutive business days, the closing bid price of the company's common stock was below the minimum $1 per share requirement for continued inclusion on the NASDAQ Capital Market.
The company was provided until March 31, 2008, to regain compliance and during this time, the NationsHealth common stock will continue to trade on The NASDAQ Capital Market under the symbol NHRX. If at any time before March 31, 2008, the bid price of the company's common stock closes at $1 or more per share for a minimum of 10 consecutive business days, the NASDAQ staff will re-evaluate if the company complies with the NASDAQ rule.