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Friday, Mar 29, 2024

North American Scientific in Nasdaq Compliance

North American Scientific Inc. has received a letter from The Nasdaq Stock Market declaring that it is now in compliance with Nasdaq Marketplace rules. As a result, the Nasdaq Listing Qualifications Panel will continue to list the company’s securities. In addition, the Nasdaq staff has approved the Chatsworth-based radiation therapy company’s application to list its common stock on The Nasdaq Capital Market. Effective Feb. 6, the company’s common stock will be transferred from The Nasdaq Global Market to The Nasdaq Capital Market. It will continue to trade under the symbol “NASI.” Nasdaq previously notified the company that the bid price of its shares of common stock had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, it did not comply with Marketplace Rule 4450(a)(5). Accordingly, the company was given until April 2 to regain compliance.

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