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X-ray lithography company in final appeal against Nasdaq delisting |
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Nov 13, 2006 at 02:32 PM |
 JMAR Technologies, Inc. has received final notice of non-compliance with minimum bid price requirements and the minimum $2.5 million stockholders' equity levels required by that stock market.
The company plans to make an appeal and wants Nasdaq to accept its plans for a reverse stock split in order to exceed the minimum bid price requirement as well as to increase its stockholders' equity. A further hearing date is expected within 45 days, according to the company.
JMAR has previously received US Government funds for X-Ray imaging under DARPA programs. The company has a diversified industry business model that includes biosciences.
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