Nasdaq $5 million minimum-float requirement

http://philadelphia.bizjournals.com/philadelphia/stories/2001/07/23/daily50.html

Orbit/FR Inc. has been notified that its shares will be listed on the Nasdaq SmallCap Market starting July 26.

The company was delisted from the Nasdaq National Market because it failed to comply with the $5 million minimum-float requirement, meaning Orbit/FR did not have enough shares available for trading by the public to total $5 million in value.

Orbit/FR is based in Horsham and manufactures automated microwave test and measurement systems.



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