Spire Corporation Receives Nasdaq Notification

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Spire Corp (SPIR) received a Nasdaq Staff Determination indicating that the Company is no longer in compliance with the $10,000,000 minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Marketplace Rule 4450(a)(3), and that its common stock is, therefore, subject to delisting from the Nasdaq National Market. [ more ] While this type of event is never a good thing, it certainly doesn’t ring the death of this stock. They will just start trading OTC.