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BSD Medical threatened with delisting by Nasdaq

Published August 13, 2014 1:32 pm

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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.