DELRAY BEACH, Fla.--(BUSINESS WIRE)--VeriChip Corporation (NASDAQ:CHIP) (“VeriChip” or the “Company”) announced today that it received notice from The Nasdaq Stock Market on March 5, 2009, indicating that the Company has not evidenced compliance with the $10 million stockholders’ equity requirement for continued listing on The Nasdaq Global Market under Marketplace Rule 4450(a)(3). The Nasdaq notice also indicates that the Company currently does not meet the requirements for continued listing on The Nasdaq Capital Market because its stockholders’ equity at December 31, 2008 of $2.4 million is below the $2.5 million requirement under Marketplace Rule 4310(c)(3). As a result, the Company’s securities are subject to delisting from the Nasdaq Global Market.
