Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Newlead Holdings Regains Nasdaq Compliance After Achieving Required Bid Price

RELATED NEWS
Trade NEWL now with 

Shipping company Newlead Holdings Ltd. (NEWL: Quote) said Wednesday that it has regained compliance with the Nasdaq as its common shares achieved a bid price of $1.00 or more for 10 consecutive business days.

On September 21, 2011, Newlead received a notification from Nasdaq that the company was not in compliance with one of the standards for continued listing on the Nasdaq Global Select Market because the closing bid price of its common shares had fallen below $1.00 for 30 consecutive business days.

The company was granted a grace period of 180 days to regain compliance, which expired on March 20, 2012. On March 20, Newlead received a written notification from Nasdaq indicating that the company had not complied with the rule and that its share would be subject to delisting from the Nasdaq Global Select Market.

But now, after achieving the required bid price, Newlead has received a written notification from the Nasdaq Listing Qualifications department that it has regained compliance.

Click here to receive FREE breaking news email alerts for NewLead Holdings Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported. NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.