CombiMatrix Announces it Has Regained Compliance With Nasdaq Minimum Stockholders' Equity Requirement
21 Agosto 2013 - 5:00AM
CombiMatrix Corporation (Nasdaq:CBMX), a molecular diagnostics
company specializing in DNA-based testing services for
developmental disorders and cancer diagnostics, today announced
that in a letter dated August 20, 2013, from the Director of
Listing Qualifications of The Nasdaq Stock Market LLC, the Company
was informed that it has regained compliance with Listing Rule
5550(b)(1) (the Rule), which requires a minimum of $2.5 million
stockholders' equity for The Nasdaq Capital Market.
The letter from Nasdaq said that based on the Company's Form
10-Q for the period ended June 30, 2013, which evidenced
stockholders' equity of $5.7 million, the Nasdaq Staff has
determined that CombiMatrix complies with the Rule and "the matter
is now closed."
There can be no assurance, however, that the Company will be
able to maintain compliance long-term with Nasdaq requirements for
continued listing.
About CombiMatrix Corporation
CombiMatrix Corporation provides valuable molecular diagnostic
solutions and comprehensive clinical support for the highest
quality of care – specializing in miscarriage analysis, prenatal
and pediatric healthcare. CombiMatrix offers comprehensive testing
services for the detection of genetic abnormalities at the DNA
level, beyond what can be identified through traditional
methodologies. The Company performs genetic testing utilizing
advanced technologies, including microarray, FISH, PCR and G-Band
chromosome analyses. Additional information about CombiMatrix is
available at www.combimatrix.com or by calling 1-800-710-0624.
CONTACT: Company Contact:
Mark McDonough
President & CEO, CombiMatrix Corporation
Tel (949) 753-0624
Media Contact:
Len Hall
VP, Media Relations
Allen & Caron
Tel (949) 474-4300
len@allencaron.com
Investor Relations Contact:
John Baldissera
BPC Financial Marketing
Tel (800) 368-1217
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