Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) recently publicized that it has received notification from The NASDAQ Stock Market that it has regained compliance with the minimum $1.00 per share bid price requirement.
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As required under NASDAQ's Listing Rules, to regain compliance, the Company was required to evidence a closing bid price of $1.00 per share or more for at least ten consecutive days. On December 23, 2009, the closing bid price of the Company's common stock was $1.34 per share, the tenth consecutive day the stock price had closed above $1.00 per share.
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