EXACT Back In Compliance With Nasdaq Rules
After bouncing in and out of compliance with listing requirements, EXACT Sciences Corp. of Marlborough has again gotten a green light to remain on the Nasdaq Capital Market.
In November, after EXACT failed to maintain a $50 million market value, Nasdaq moved the company from its Global Market to the Capital Market on a temporary basis, even though it did not meet the requirements for that market at the time. It regained compliance for the Capital Market in January but lost it again in March after failing to maintain a minimum market value of $35 million and stockholders' equity of $2.5 million.
Now, the company says Nasdaq has once again determined that it is in compliance and can continue to trade on the Capital Market.
EXACT develops screening technologies for the detection of cancer.
WBJ Web Partners
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