NASDAQ notifies Ballard of minimum bid price non-compliance

Oct 8, 2012 - Canadian fuel cell maker Ballard Power Systems (TSE:BLD) said Friday it had been notified by the NASDAQ Stock Market that it failed to comply with the exchange’s USD-1 (EUR 0.77) minimum bid price rule for 30 consecutive business days.

Following the notice, Ballard will have 180 calendar days to regain compliance. Under the exchange's rules, the company must have its bid price close at USD 1 or more for at least 10 consecutive business days before April 3, 2013. Ballard is currently studying the possibilities to do so.

If Ballard fails to regain compliance by the set date, NASDAQ will notify it about a potential delisting.

(USD 1 = EUR 0.766)

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