July 10, 2008 - Merge Healthcare Inc. (Merge) received notification from the NASDAQ Stock Market (NASDAQ) that the Company had regained compliance with NASDAQ Marketplace Rule 4450(a)(5) and that NASDAQ now considers the matter closed.
As disclosed in a Current Report on Form 8-K dated April 3, 2008, Merge was notified April 2, 2008 that it was not in compliance with the "Minimum Bid Price Rule"? because shares of its common stock had closed at a per share bid price of less than $1.00 for 30 consecutive business days. At that time, in accordance with Marketplace Rule 4450(e)(2), Merge was provided with 180 calendar days, or until September 29, 2008, to regain compliance. Since then, Merge's common stock maintained a closing bid price at $1.00 or greater for at least 10 consecutive business days.
For more information: www.merge.com