Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > ETFs > Broad Market

Healthaxis Keeps Nasdaq SmallCap Market Listing

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 12, 2003, 4:23 p.m. EDT – The Nasdaq Stock Market says Healthaxis Inc., Irving, Texas, can continue to list its stock on The Nasdaq SmallCap Market.

Nasdaq’s Listing Qualifications Panel has ruled that Healthaxis, a company that sells benefits administration software and services, meets the market’s listing standards, Healthaxis says.

Earlier this summer, Healthaxis met all listing requirements except for a requirement that the bid price for its stock be greater than $1 per share. The company implemented a 1-for-10 reverse stock split Aug. 21 that pushed its price to more than $3 per share.

The panel concluded that Healthaxis “has regained compliance with the bid price requirement by demonstrating a closing bid price of at least $1 per share for the 10 consecutive trading days ended Sept. 4, ” Healthaxis says.

Because Healthaxis also satisfies the other requirements for continued listing on the SmallCap market, the company can keep its SmallCap market listing, Healthaxis says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.