Novoste(Norcross, Georgia) reported receiving a notice from Nasdaq on April 21 indicating it is not in compliance with the market’s listing requirements. For the last 30 consecutive business days, the bid price of the company’s common stock has closed below the minimum $1 a share.

The company will be provided 180 calendar days, or until Oct. 18, to regain compliance with the minimum bid price rule. If at any time before then the bid price of its common stock closes at $1 a share or more for a minimum of 10 consecutive business days, the Nasdaq staff will provide Novoste written notification that it has achieved compliance with the rule. However, the notice states that if the company does not regain compliance by Oct. 18, it will be notified that it will be delisted.