On September 21, 2015, Biodel received a written notification from the NASDAQ Stock Market LLC (“NASDAQ”) notifying Biodel that it had failed to comply with the minimum bid price requirement because the bid price for Biodel’s common stock over a period of 30 consecutive business days prior to such date had closed below the minimum $1.00 per share requirement. The letter stated that Biodel had 180 days, or until March 21, 2016, to demonstrate compliance by maintaining a minimum closing bid price of at least $1.00 for a minimum of 10 consecutive trading days. On March 22, 2016, NASDAQ notified Biodel that while Biodel had not regained compliance with the bid price requirements, it was eligible for an additional 180-day grace period, or until September 19, 2016, to regain compliance.
Quelle:
www.sec.gov/Archives/edgar/data/1322505/...4a.htm#toc222208_9