SPACEHAB announced Thursday it has received notice from Nasdaq that it has regained compliance with Marketplace Rule 4450(a)(5), which requires a minimum $1.00 bid price for its shares to remain listed on the stock exchange.
Pursuant to Nasdaq's rules, the company was required to evidence a closing bid price of at least $1.00 per share for 10 consecutive trading days. SPACEHAB completed the requirement on May 24, and confirmed that it currently meets all requirements for continued listing on the Nasdaq Capital Market.
SPACEHAB provides commercial and government space services with three primary business units. Its Flight Services develops, owns and operates habitat and laboratory modules and cargo carriers aboard NASA's space shuttles for resupply of and research aboard the International Space Station.
SPACEHAB's Astrotech subsidiary provides payload-processing support services for both commercial and government customers at company-owned facilities in Florida and California. Its Government Services unit supports NASA's Johnson Space Center in Houston, providing configuration management, product engineering, and support services for both the space station and shuttle programs.
