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SIGA Technologies receives Nasdaq delisting warning
New York, Sept. 28 - SIGA Technologies, Inc. said the Nasdaq Stock Market has sent a notice warning that it has 180 days to regain compliance with its minimum bid requirement.
The New York-based biotechnology company now has until March 21, 2006 to push its stock up to $1.00 or more for 10 consecutive business days.
Nasdaq delivered the warning because SIGA's stock closed below $1.00 per share for 30 consecutive business days.
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