BSD Medical threatened with delisting by Nasdaq
Published: August 13, 2014 01:32PM
Updated: August 13, 2014 01:32PM

BSD Medical Corporation has been notified it could be dropped from the Nasdaq stock exchange because its shares are not worth enough.

The Salt Lake City-based medical products company, which provides systems to treat cancer and benign diseases using heat therapy, said Wednesday it had received a delisting notice Aug. 8 from Nasdaq, based on the price of BSD Medical common stock finishing the previous 30 consecutive days of trading below the exchange’s minimum requirement of $1 per share.

BSD Medical spokeswoman Tricia Ross said the company has until Feb. 4, 2015 to comply with the $1 minimum.