Stereotaxis, Inc. Regains Compliance With Nasdaq Listing Rule
Published: Jul 26, 2012
The company had been out of compliance since January.
The bid price of its common stock closed at $1 per share or more for at least 10 consecutive business days prior to July 25, according to a regulatory document filed Wednesday with the U.S. Securities and Exchange Commission. This allowed the company to regain compliance, the St. Louis Business Journal reports.
On July 11, Stereotaxis' board approved a reverse stock split at 1-for-10, effective that day. That allowed the company to increase its stock up to a price that would be compliant.