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Hypertension Diagnostics Will
ST. PAUL, MN – February 25, 2003
– Hypertension Diagnostics, Inc. (Nasdaq SmallCap: HDII), today announced
that it intends to request a hearing before a Nasdaq Listing
Qualifications Panel to argue for the continued inclusion of its Common
Stock and Redeemable Class B Warrants on The Nasdaq SmallCap Market. The
Company’s announcement is in response to a Nasdaq Staff Determination
dated February 24, 2003 advising the Company that its securities would be
delisted as of the opening of business on March 5, 2003, unless it
requested a hearing by March 3, 2003. Pending the hearing, the Company’s
common stock will continue to trade on The Nasdaq SmallCap Market under
the symbol “HDII” and the Company’s Redeemable Class B Warrant will
continue to trade on The Nasdaq SmallCap Market under the symbol “HDIIZ.” |
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The February 24, 2003 Nasdaq Staff letter states that the Company fails to
comply with the minimum bid price requirement for continued listing as set
forth in Nasdaq Marketplace Rule 4310(c)(4) and the stockholders’ equity
requirement as set forth in Nasdaq Marketplace Rule 4310(c)(2)(B). While
the Company intends to request a hearing before a Nasdaq Listing
Qualifications Panel to review this Nasdaq Staff Determination, there can
be no assurance that the Panel will grant the Company’s request for
continued listing. Return
to the Main HDI Newsroom
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Copyright © 2009 Hypertension Diagnostics, Inc |
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