Nutrition 21 Securities not in compliance with Nasdaq $1.00 minimum bid price rule

PURCHASE, N.Y. Nutrition 21 on Wednesday announced that it received a Nasdaq Staff letter that states that the Company has failed to comply with the $1.00 minimum bid price requirement for continued listing. Accordingly, Nutrition 21 has until June 23 to regain compliance, according to the Nasdaq letter.

If the Nutrition 21 does not regain compliance with the minimum bid price requirement, then its stock will be delisted, Nutrition 21 reported.