SWAT receives warning from Nasdaq
LOUISVILLE – Security With Advanced Technology Inc., or SWAT, a Louisville-based security firm that produces nonlethal personal protection devices, has received a letter of deficiency from Nasdaq staff saying the company has failed to comply with the minimum stock bid price requirement.
The March 25 letter notified the company (NasdaqCM: SWAT) its common stock bid price has closed under $1 for the last 30 business days.
SWAT has 180 days, or until Sept. 22, 2008, for its stock to reach $1. The company may be delisted during the 180-day period for failure to maintain compliance with any other listing requirements.
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SWAT moved to Louisville from Westminster at the beginning of the year. SWAT occupies 19,941 square feet of space at 1722 Boxelder St. at the Colorado Technology Center.
LOUISVILLE – Security With Advanced Technology Inc., or SWAT, a Louisville-based security firm that produces nonlethal personal protection devices, has received a letter of deficiency from Nasdaq staff saying the company has failed to comply with the minimum stock bid price requirement.
The March 25 letter notified the company (NasdaqCM: SWAT) its common stock bid price has closed under $1 for the last 30 business days.
SWAT has 180 days, or until Sept. 22, 2008, for its stock to reach $1. The company may be delisted during the 180-day period for failure to maintain compliance with any other listing requirements.
SWAT moved to…
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