Beacon Power Announces Compliance with NASDAQ Continued Listing Requirement Related to Closing Bid Price

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Beacon Power Corp (BCON) announced that on March 2, 2005, it received a letter from The NASDAQ Stock Market stating that because the closing bid price of the Beacon’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days, Beacon has regained compliance with Marketplace Rule 4310(c)(4). [ more ] This is wonderful news for BCON.