ST. LOUIS--(BUSINESS WIRE)--Tripos, Inc. (NASDAQ:TRPS), announced today that on Jan. 4, 2007, it received two letters from the Nasdaq Listing Qualifications Department advising the company that for the last 30 consecutive trading days its common stock (i) has not maintained a minimum market value of publicly held shares (“MVPHS”) (i.e., Tripos’ total shares outstanding less any shares held by officers, directors or beneficial owners of 10 percent or more) of at least $5,000,000 as required for continued listing on the Nasdaq Global Market (formerly the Nasdaq National Market) under Marketplace Rule 4450 (a)(2), and (ii) its bid price has closed below the minimum $1 per share (“Minimum Bid Price”) requirement for continued inclusion under Marketplace Rule 4450(a)(5).
