Nanotechnology Now - Press Release: Nanophase Regains Compliance With NASDAQ Listing Rule 5450

Home > Press > Nanophase Regains Compliance With NASDAQ Listing Rule 5450

Abstract:
$1 Minimum Bid Requirement

Nanophase Regains Compliance With NASDAQ Listing Rule 5450

Romeoville, IL | Posted on April 14th, 2010

Nanophase Technologies Corporation (NANX 1.72, 0.00, 0.00%), a technology leader in the development of advanced nanoengineered products, announced today that it has regained compliance with the minimum bid price requirement of NASDAQ Listing Rule 5450.

On December 18, 2009, Nanophase received notice from the NASDAQ Stock Market that the closing bid price of its common stock had fallen below $1.00 for thirty consecutive business days and was, therefore, not in compliance with NASDAQ Listing Rule 5450(a)(1). Nanophase was provided a 180-day grace period, scheduled to end June 16, 2010, to regain compliance with the Rule. To regain compliance, the bid price for the Company's common stock must close at $1.00 or higher for a minimum of 10 consecutive business days within the stated 180-day grace period, a requirement that was met on April 12, 2010.

NASDAQ has confirmed to Nanophase that it has regained compliance with this listing standard as of April 12, 2010.

####

About Nanophase Technologies
Nanophase Technologies Corporation (NANX), is a leader in nanomaterials technologies and provides nanoengineered products and solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2000 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.

For more information, please click here

Contacts:
Nanophase Technologies Corporation
Investor Relations
Nancy Baldwin
630-771-6708

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark: