Isonics Corporation regains compliance with Nasdaq for continued listing
Isonics Corporation announced that it has received notification from the Nasdaq Hearings department that it has regained compliance with the market price requirements for continued listing on the Nasdaq Capital Market. The hearing originally scheduled for March 1, 2007, with the Nasdaq Hearings department has been cancelled.On January 12, 2007, Isonics announced that it received a staff determination letter from the Nasdaq Stock Market Listings Qualification Department notifying the Company that its common stock was not in compliance with the $1.00 per share minimum bid price requirement for continued inclusion under Nasdaq Marketplace Rule 4310(c)(4) and was subject to delisting from the Nasdaq Capital Market. Because the Company's common stock has closed above $1.00 for 10 consecutive trading days, the Company has regained compliance with the minimum bid price requirement for continued listing.
The Company will continue to be subject to other continued listing requirements, including a requirement for either a minimum level of stockholders' equity or market value of listed securities, and can offer no assurances that it will be able to sustain compliance with all continued listing requirements.
