Innovex Receives Nasdaq Letter

Innovex receives letter from Nasdaq regarding non-compliance with minimum bid rule

November 27, 2007

1 Min Read
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PLYMOUTH, Minn. -- Innovex (Nasdaq:INVX) received a Staff Deficiency Letter from The Nasdaq Stock Market which stated that for the last 30 consecutive business days the bid price of the Companys common stock has closed below the minimum $1.00 per share required for continued inclusion on the Nasdaq Global Market. Therefore, the Company was not in compliance with Marketplace Rule 4450(a)(5). The Company has 180 days, or until May 19, 2008, to regain compliance. If, at anytime before May 19, 2008, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the staff of The Nasdaq Stock Market will provide written notification that it has achieved compliance with this Marketplace Rule. The Nasdaq Staff Deficiency Letter has no effect on the listing of the Company’s common stock at this time.

Innovex Inc.

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