PhotoMedex regains compliance with Nasdaq minimum bid price requirement

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Jan 21 2010

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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

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