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Nasdaq extends suspension of minimum $1 stock price rule

15 July 2009  |  845 views  |  0 Source: Nasdaq OMX

The Nasdaq OMX Group (Nasdaq:NDAQ) today announced the Nasdaq Stock Market (NASDAQ) has made a filing with the Securities and Exchange Commission to extend its suspension of the rules requiring a minimum $1 closing bid price and a minimum market value of publicly held shares through Friday, July 31, 2009.

The rules will be reinstated on Monday, August 3, 2009.

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