It had been informed that it did’t meet minimum bid price per share requirements
PokerTek regains Nasdaq compliance
(US).- PokerTek has received notice confirming that the company is in compliance with the bid price rule and that the Nasdaq Hearings Panel has determined to continue the listing of the Company’s securities on The Nasdaq Stock Market.
2010-05-17
Reading time 14 seg
The company had been informed on March 16, 2010 that it did not meet minimum bid price per share requirements.
The firm appealed and presented its plan of compliance to the NASDAQ hearings panel on April 28, 2010.
PokerTek regained compliance with NASDAQ’s requirements as the bid price for the company’s common stock closed at or above $1.00 for 10 consecutive business days.
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