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Quotes & Info
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| CTZN > SEC Filings for CTZN > Form 8-K on 16-Oct-2009 | All Recent SEC Filings |
16-Oct-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
On October 9, 2009, Citizens First Bancorp, Inc. (the "Company") received
written notice from The Nasdaq Stock Market ("Nasdaq") notifying the Company
that it is currently not in compliance with Nasdaq's continued listing
requirement under Marketplace Rule 5450(a)(1) (the "Bid Price Rule") because the
bid price for its common stock has closed below $1.00 per share for 30
consecutive business days. In accordance with Marketplace Rule 5810(c)(3)(A),
the Company has until April 7, 2010 to regain compliance with the Bid Price Rule
or be subject to delisting from the Nasdaq Global Select Market. If, prior to
April 7, 2010, the bid price of the Company's common stock closes at $1.00 per
share or higher for at least 10 consecutive business days, the Company may
regain compliance with the Bid Price Rule and not be subject to delisting at
that time.
If compliance with the Bid Price Rule cannot be established prior to April 7,
2010, the Company's common stock will be subject to delisting from the Nasdaq
Global Select Market. The Company may, however, be eligible for an additional
grace period if it satisfies the initial listing standards (with the exception
of the Bid Price Rule) for listing on The Nasdaq Capital Market, and it submits
a timely application to Nasdaq to transfer the listing of its common stock to
the Nasdaq Capital Market. The Company will continue to evaluate its options
with respect to maintaining the listing of its common stock on the Nasdaq stock
market.
The Company issued a press release on October 15, 2009 that disclosed its
receipt of this notice from Nasdaq. A copy of the press release is furnished
herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 Press release dated October 15, 2009.
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