Merge achieves compliance with NASDAQ’s minimum bid price rule
West Allis-based Merge Healthcare Inc. announced last week that it received notification from the NASDAQ Stock Market that the company had regained compliance with the NASDAQ minimum bid price requirement. The company was notified on April 2, that it was not in compliance with the rule because shares of its common stock had closed at a per share bid price of less than $1.00 for 30 consecutive business days. Since then, the company’s common stock maintained a closing bid price at $1.00 or greater for at least 10 consecutive business days. The company’s stock was trading at 88 cents per share yesterday.
