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Zalicus Inc. Message Board

  • zeekingofhill zeekingofhill Oct 10, 2013 11:29 AM Flag

    Global Market

    I think pps has to stay above $4 for 90 days to apply. Does anyone know?

    According to company spokeswoman Gina Nugent, the company did move to the Capital Market in April, which gave it another 180 days. Allowing for a 15-day period Nasdaq needs to record the 6-for-1 reverse split, Nugent said the last day it could have enacted the split would have been Oct. 4.

    Nugent said that once the company gets confirmation from Nasdaq of its ability to stay listed on the Nasdaq Capital Market, it can apply to move back to the Nasdaq Global Market if it keeps its share price above $4 a share and maintains a sufficient number of shareholders. "We will evaluate the Zalicus stock price after the completion of the split and continuation of listing to determine if we can then make the move back to the Nasdaq Global Market," she said.

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