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Failed to Meet Minimum $1 Share Bid

By Published on .

CHICAGO (AdAge.com) -- CoolSavings was delisted today from the Nasdaq after failing to meet minimum asset and stock price requirements.

The Chicago-based provider of online incentive marketing programs for Internet and offline retailers was notified in April by Nasdaq that it had not met certain criteria to remain listed on the exchange, including a bid price of at least $1 per share for 30 consecutive trading days.

Earlier this month, Nasdaq raised concerns that Coolsavings might have violated the exchange's voting rights rule.

Coolsavings is considering its response options to Nasdaq's ruling, including a possible appeal.

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