Published on January 21, 2010 at 9:11 AM
PhotoMedex, Inc. (Nasdaq:PHMD) today announced that it has regained
compliance with the minimum bid price requirement of The Nasdaq Stock
Market under Nasdaq Listing Rule 5450(a)(1).
On September 15, 2009, Nasdaq notified the Company that its common stock
had failed to maintain a minimum bid price of $1.00 for the previous 30
consecutive business days as required by the Nasdaq Listing Rules.
Nasdaq has informed the Company that for the last 10 business days, the
closing bid price of the Company’s common stock has been at $1.00 per
share or greater and accordingly the Company has regained compliance
with Listing Rule 5450(a)(1).
SOURCE PhotoMedex