Business
Zix stock faces delisting
NEWS IN BRIEF — Posted Oct. 9, 2006
Zix Corp. reported that it had been notified by Nasdaq that its stock could be delisted from trading on that stock exchange because as of Sept. 14 it had closed below $1 per share for 30 consecutive days. The Dallas-based provider of electronic prescribing services, has until March 14, 2007, to comply with Nasdaq's minimum price requirement, or it will be delisted, according to a Sept. 19 filing with the Securities and Exchange Commission, To remain listed, Zix's stock must trade at or above $1 a share for at least 10 consecutive business days. The stock closed on Sept. 21 at 69 cents a share.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/10/09/bibf1009.htm.