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| Healthcare IT and Biotechnology News Release |
| News Home :: Healthcare IT and Biotechnology News Releases :: More News Releases on this day |
| Date of Publication: Friday, July 11, 2008 |
Merge Healthcare Achieves Compliance with NASDAQ Minimum Bid Price Requirement |
| Merge Healthcare Incorporated (NASDAQ: MRGE)(TSX: MRG) (the "Company"), announced today that it received notification from the NASDAQ Stock Market ("NASDAQ") that the Company had regained compliance with NASDAQ Marketplace Rule 4450(a)(5) and that NASDAQ now considers the matter closed. |
MILWAUKEE -- Merge Healthcare Incorporated (NASDAQ: MRGE)(TSX: MRG) (the "Company"), announced today that it received notification from the NASDAQ Stock Market ("NASDAQ") that the Company had regained compliance with NASDAQ Marketplace Rule 4450(a)(5) and that NASDAQ now considers the matter closed.
As disclosed in a Current Report on Form 8-K dated April 3, 2008, the Company was notified April 2, 2008 that it was not in compliance with the "Minimum Bid Price Rule" because shares of its common stock had closed at a per share bid price of less than $1.00 for 30 consecutive business days. At that time, in accordance with Marketplace Rule 4450(e)(2), the Company was provided with 180 calendar days, or until September 29, 2008, to regain compliance. Since then, the Company’s common stock maintained a closing bid price at $1.00 or greater for at least 10 consecutive business days.
Merge Healthcare is a leading medical imaging software and services company. Our innovative software solutions use leading-edge imaging software technologies that accelerate market delivery for our OEM customers, while our end-user solutions improve our customers' productivity and enhance the quality of patient care they provide. For additional information, visit our website at www.merge.com.
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