Pacific Ethanol Receives NASDAQ Compliance Determination

by EIN on 2010/02/01

in economy

February 1, 2010 (FinancialWire) Pacific Ethanol, Inc. (NASDAQ: PEIX) has received a letter from the NASDAQ Stock Market (NASDAQ) on January 25, 2010, which contained a NASDAQ compliance determination that the company has regained compliance with NASDAQ Listing Rule 5450(a) (1), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.

As previously announced, on September 15, 2009, the company received a letter from NASDAQ notifying the company that it did not comply with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ Global Market set forth in NASDAQ Listing Rule 5450(a) (1).

The companys common stock has subsequently maintained a closing bid price of $1.00 or greater for at least 10 consecutive business days, enabling the company to regain compliance with NASDAQ Listing Rule 5450(a) (1).

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