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Immunicon Corporation (IMMC) Announces Receipt of Notice from NASDAQ and "Going Concern" Opinion


4/7/2008 9:44:19 AM

HUNTINGDON VALLEY, Pa.--(BUSINESS WIRE)--Immunicon Corporation (NASDAQ-GM:IMMC) announced today that, on April 2, 2008, it received a notice from The NASDAQ Stock Market indicating that Immunicon does not comply with the continued listing requirements set forth in Marketplace Rule 4310(c)(3). This rule requires that Immunicon have a minimum of $2,500,000 in stockholders’ equity in order to continue listing its securities on The NASDAQ Capital Market. Accordingly, the NASDAQ staff are reviewing Immunicon’s eligibility for continued listing on The NASDAQ Capital Market.

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