- Imris (NASDAQ:IMRS) receives a letter from NASDAQ notifying the company that the bid price for its stock has traded below the minimum listing level of $1.00 for 30 consecutive trading days. Under exchange rules, it has 180 calendar days to regain compliance. If, during the grace period, bid prices close above $1.00 for ten consecutive trading days the matter will be closed.
- IMRS closed yesterday at $0.915.