NASDAQ Gives Harris Four Month Share Trading Reprieve

In the US, the NASDAQ Stock Market has granted Harris Interactive another four months to raise its share price, so that the shares can continue to be listed on the exchange.

Last June, NASDAQ warned Harris of a possible delisting, following a drop in its share price below the required $1 mark.

The company was given until December 12 to meet NASDAQ's requirement to trade at or above the $1 threshold for 10 days prior to the deadline, but Harris appealed and has now been given until June 11, 2012 to regain compliance with the bid price requirement.

If the firm fails to meet this requirement, its common stock will be subject to delisting, and Harris could be forced to move its trading from The NASDAQ Global Select Market to The NASDAQ Capital Market.

In a statement, the company said: 'While the company is working diligently to regain and sustain compliance with all applicable requirements for continued listing on The NASDAQ Global Select Market, there can be no assurance that the company will be able to do so.'

The same problem occurred in September 2009, when NASDAQ gave Harris 180 days to increase its share price, but by December 1 2009, the firm had regained compliance.

Today, Harris' share price closed at $0.79.

Web sites: www.harrisinteractive.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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