Applied DNA Sciences (APDN) said Wednesday it has received a notification letter from Nasdaq informing that it has regained compliance with the stock exchange's minimum bid price requirement.
The company said it had been notified on July 12 that its shares didn't maintain a minimum bid price of $1 during the previous 30 consecutive business days.
On Tuesday, the stock exchange determined that for the last 20 consecutive business days -- from Aug. 19 to Sept. 16 -- the closing bid price of the shares was $1 per share or above, Applied DNA said, adding Nasdaq now considers the matter closed.
The company's shares were down 2.5% in recent trading.
Price: 1.34, Change: -0.04, Percent Change: -2.55
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