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BSD Medical threatened with delisting by Nasdaq
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.