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CytRx moves to Nasdaq SmallCap Market.(Brief Article)
2002 JUL 24 - (NewsRx.com & NewsRx.net) -- CytRx Corp. (CYTR) announced that the Nasdaq Stock Market has approved the company's request to transfer its common stock to the Nasdaq SmallCap Market from the Nasdaq National Market effective May 28, 2002. The stock will continue trading under the symbol CYTR.
The company requested the transfer to the Nasdaq SmallCap Market because it was unable to meet the $1.00 per share closing bid requirement of the Nasdaq National Market for the minimum number of consecutive trading days. The Nasdaq SmallCap Market has the same $1.00 closing bid requirement, but the company has until at least August 13, 2002, to demonstrate compliance with such requirement under Nasdaq SmallCap Market rules for a period of at least 10 ...
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Source: HighBeam Research, CytRx moves to Nasdaq SmallCap Market.(Brief Article)