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Harris Interactive® Receives Notification Regarding Non-Compliance With Nasdaq's Minimum Bid Price Requirement
Monday, September 21, 2009 10:17 AM


(Source: Business Wire)trackingHarris Interactive (NASDAQ: HPOL), a leading global custom market research firm, today announced that on September 15, 2009, it received a letter from The Nasdaq Stock Market advising that, for the previous 30 consecutive business days, the bid price of the Company's common stock had closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"). This notification has no effect at this time on the listing of the Company's common stock, which will continue to trade on The Nasdaq Global Select Market under the symbol HPOL.

Nasdaq stated in its letter that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided a grace period of 180 calendar days, or until March 15, 2010, in which to regain compliance. If at any time before March 15, 2010, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq will provide written notification that it has achieved compliance with the Minimum Bid Price Rule.

If the Company does not regain compliance with the Minimum Bid Price Rule by March 15, 2010, Nasdaq will provide written notification to the Company that the Company's common stock is subject to delisting. At that time, the Company may appeal Nasdaq's delisting determination to a Nasdaq Listing Qualifications Panel (a "Nasdaq Panel"). Alternatively, the Company may apply to transfer its securities to The Nasdaq Capital Market, provided that it meets the initial listing standards, with the exception of bid price, as set forth in Nasdaq Marketplace Rule 5505. If the Company were to elect to apply for such transfer and if it satisfies the applicable requirements and its application is approved, the Company will be afforded an additional 180 calendar day period in order to regain compliance with the Minimum Bid Price while on The Nasdaq Capital Market. If the application is not approved, Nasdaq will provide written notification that the Company's securities will be delisted.



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