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Spacehab Receives Extension From Nasdaq
Spacehab Inc. has been granted another 180 days to meet the minimum requirements to remain listed on Nasdaq, Spacehab announced. Spacehab has until Oct. 1 to meet the market’s requirements that a company’s stock bid price close at or above $1 per share for a minimum of 10 consecutive trading days.
Spacehab’s first 180-day period to meet the requirements closed April 2. The price did top $1 per share for four consecutive days — Jan. 30 through Feb. 2 — but slipped and has not closed at more than 70 cents since Feb. 26.
Separately, Spacehab appointed Mark Adams to the company’s board, filling a vacancy created by the retirement of former Spacehab president and CEO Michael Kearney. Adams serves as chairman, president and CEO of Advocate MD, a stock insurance medical liability carrier based in Austin, Texas.
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