NASDAQ Temporarily Suspends Minimum Bid Price and Minimum Market Value Requirements


On October 16, 2008, The NASDAQ OMX Group suspended the bid price and market value of publicly held shares requirements for all NASDAQ-listed companies. NASDAQ indicated that the purpose of the suspension is to allow companies to focus on running their businesses, rather than satisfying marketbased requirements that are largely beyond their control in the current environment, and to help to restore investor confidence in affected NASDAQ (allowing investors to make investment decisions without considering the likelihood of a very near-term delisting).

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