ThermoGenesis Corp. (NSDQ:KOOLD) is back in the NASDAQ exchange’s good graces.
The Rancho Cordova, Calif.-based stem-cell-storage device maker was in danger of de-listing from the market after its stock price dipped below a minimum $1-per-share requirement.
ThermoGenesis pulled a reverse stock split in August — its second in two months — to stave off the de-listing. The company is temporarily trading under the symbol "KOOL" with a "D" added to signify the split.
"We finished fiscal 2010 in strong fashion and are off to a solid start in fiscal 2011 as we execute on our strategies to drive shareholder value," CEO J. Melville Engle said in prepared remarks.
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