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DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and services to the federal government, received notice from Nasdaq on May 3 that it is out of compliance with listing rules. The closing bid price per share of its common stock for 30 consecutive days fell below the $1 minimum bid price required for continued listing on Nasdaq.
DLH has until Oct. 30 to get its stock price above $1. If it’s not above $1 for at least 10 consecutive days by then, the company may receive another 180-day additional grace period. If the company still can’t get its stock price higher than $1, the company could be delisted from Nasdaq.
The company received a similar notice in January.