NU Online News Service, Sept. 12, 2003, 4:23 p.m. EDT – The Nasdaq Stock Market says Healthaxis Inc., Irving, Texas, can continue to list its stock on The Nasdaq SmallCap Market.
Nasdaq's Listing Qualifications Panel has ruled that Healthaxis, a company that sells benefits administration software and services, meets the market's listing standards, Healthaxis says.
Earlier this summer, Healthaxis met all listing requirements except for a requirement that the bid price for its stock be greater than $1 per share. The company implemented a 1-for-10 reverse stock split Aug. 21 that pushed its price to more than $3 per share.
