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BSD Medical threatened with delisting by Nasdaq

First Published      Last Updated Aug 13 2014 01:32 pm

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.