Navigation Links
InfoLogix Announces Receipt of NASDAQ Waiver for Stockholder Approval of Restructuring and Extension to Stockholder's Equity Requirement
Date:11/10/2009

months and to 1% after two years.

The restructuring has certain negative and financial covenants and other stipulations associated with the arrangement. The Company would also be assessed a transaction fee equal of $450,000. Following the transaction, Hercules or its affiliate would own approximately 55% of the Company on a fully diluted basis.

Absent this exception, NASDAQ rules would have required the approval of the Company's stockholders prior to the issuance of equity capital to Hercules or its affiliate. To obtain this exception, the Company was required to demonstrate to NASDAQ that the delay associated with the effort to secure stockholder approval prior to consummation of the transaction would have seriously jeopardized the Company's financial viability. As also required by NASDAQ, on October 9, 2009, the Audit Committee of the Company's Board of Directors expressly approved the Company's reliance on this exception.

In addition to the foregoing, on October 30, 2009, the Company received notice that the NASDAQ Listing Qualifications Staff has granted the Company's request for an extension to regain compliance with the listing rules of the NASDAQ Capital Market. The notice is in response to a letter received from NASDAQ notifying the Company that it was not in compliance with the continued listing rules of the NASDAQ Capital Market because the Company did not meet the requirement to have at least $2.5 million in stockholders' equity as set forth in NASDAQ Listing Rule 5550(b)(1). The Company's continued listing on NASDAQ is subject to the condition that the Company evidence compliance with the stockholders' equity requirement by no later than November 20, 2009. The Staff's determination follows the Company's previous disclosure on August 21, 2009, regarding its non-compliance with the minimum stockholders' equity requirement.

While the Company believes it can satisfy the terms of the Staff's determinati
'/>"/>

SOURCE InfoLogix, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. InfoLogix Announces Approval for NASDAQ Listing
2. InfoLogix Acquires Healthcare Informatics Associates Inc. (HIA); Adds Premier Healthcare Consulting Firm and Systems Integrator
3. InfoLogix Signs Largest International Deal to Date with Healthcare Solutions Agreement in United Arab Emirates
4. InfoLogix to Report Third Quarter and Nine Month Financial Results on November 8, 2007
5. InfoLogix Featured in FOX Business News Interview on Reducing Healthcare Medication Errors - Video Available Online
6. InfoLogix, Inc. to Present at the Growth & Investor Conference in Fort Lauderdale, FL
7. Dollar Thrifty Automotive Group Expands Mobile Managed Services Contract with InfoLogix
8. InfoLogix to Report First Quarter Results on April 30, 2008
9. InfoLogix Announces First Quarter 2008 Financial Results
10. InfoLogix to Report First Quarter Results on April 30, 2008 - Conference Call Information
11. InfoLogix Completes $25 Million Senior Debt Financing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/1/2015)... ... , ... On March 19, 2015 Phil Valentine – the Executive Director of Connecticut Community for ... by stepping off Springer Mountain and heading north. Since that day, Phil has hiked over ... was greeted by friends and family. He visited CCAR and left an inspirational message ...
(Date:7/31/2015)... ... August 01, 2015 , ... Super Bowl 50 will emanate from Levi’s Stadium in ... each year is the Super Bowl. In the two weeks that separate the conference championships ... venue. The 2016 Super Bowl game will mark the 50th time it has been held ...
(Date:7/31/2015)... ... July 31, 2015 , ... The 2nd annual Ride to Fight On ... on October 3, 2015. The Ride to Fight On is a cycling fundraiser that ... Healthcare, The West Clinic and The University of Tennessee Health Science Center. A health ...
(Date:7/31/2015)... , ... July 31, 2015 , ... Coco Libre announced ... judges, media, and VIPs at the 2015 Vans US Open of Surfing, July 25 ... that can claim “no added sugar” on the market, is a natural choice given ...
(Date:7/31/2015)... ... July 31, 2015 , ... Well-known for its unique ... wedding cakes with custom designs, making life just a little bit sweeter ... wedding cakes for each customer who orders one. , The bakery provides a full ...
Breaking Medicine News(10 mins):Health News:Connecticut Executive Hikes Appalachian Trail to Raise Awareness About Recovery. 2Health News:Cheap 2016 Super Bowl Tickets at Levi's Stadium: Ticket Down Slashes Ticket Prices on Super Bowl 50 Tickets in Santa Clara, CA at Levi's Stadium 2Health News:West Cancer Center Announces 2nd Annual Ride to Fight On 2Health News:West Cancer Center Announces 2nd Annual Ride to Fight On 3Health News:Coco Libre Brings Eco-conscious Hydration to Vans US Open of Surfing 2Health News:Pastry Palace of Las Vegas Announces It Is Now Offering Custom Wedding Cakes in Las Vegas 2
... created an uptick in his business as more people find themselves either ... back. , ... Concord, CA (PRWEB) April 3, 2009 -- As economies ... play out for the young but booming medical tourism industry . ...
... As news emerged that Gov. Kathleen Sebelius, nomination ... postponed until the end of April, American Life ... Pat Roberts to reject the nomination.(Logo: ... Courtesy" -- the longstanding Senate tradition only confirming ...
... completion may boost patient compliance, outcomes, researchers say , , ... antibiotic called moxifloxacin in combination with other drugs could ... takes to cure patients with drug-treatable tuberculosis, according to ... result in patients failing to complete their drug therapy, ...
... Event highlights accomplishments of three highly recruited adapted sports ... rehabilitation and resource center Courage Center has had a ... in adapted sports such as wheelchair basketball and rugby. ... high school seniors will sign college letters of intent ...
... the release of the first long-range plan for tackling ... Americans each year. , Opportunities and Challenges in Digestive ... Diseases describes the impact of diseases ranging from foodborne ... priorities for research over the next 10 years. The ...
... Healthcare Holdings, Inc. announced today that it has agreed ... County Physicians Investment Network, LLC, which is owned primarily ... shareholders, and certain related parties of OC-PIN. The ... in May, 2007 against two of its former directors ...
Cached Medicine News:Health News:Economic Turmoil Creates Boom for Medical Tourism 2Health News:Economic Turmoil Creates Boom for Medical Tourism 3Health News:Economic Turmoil Creates Boom for Medical Tourism 4Health News:A.L.L. Calls on KS Senators to Stop Sebelius as Confirmation Postponed 2Health News:New Antibiotic Could Shorten TB Treatment 2Health News:Courage Center Hosts College Scholarship Signing Ceremony Thursday, April 9, 2009 2Health News:NIH releases the first research plan to reduce the burden of digestive diseases 2Health News:NIH releases the first research plan to reduce the burden of digestive diseases 3Health News:IHHI Settles Litigation With OC-PIN 2
(Date:7/31/2015)... Weiss LLP is reporting that on July 13, 2015, the ... Bard, the manufacturer of Inferior vena cava (IVC) filters ... agency found at two of Bard,s facilities. Bard was previously ... during Inspectional Observations that occurred on November 18, 2014, through ... , location and on October 6, 2014, through November 25, ...
(Date:7/31/2015)... , July 31, 2015  Boston Children,s ... benefiting from 3D printing of their anatomy before ... life-threatening cerebrovascular malformations (abnormalities in the brain,s blood ... Reporting online today in the Journal of ... of 3D printing and synthetic resins to create ...
(Date:7/31/2015)... Scientific, Inc. (Nasdaq: SMLR ), a company that ... physician groups, today reported financial results for the second ... the second quarter of 2015, Semler reported continued progress ... over quarter revenue growth of 8%, and quarter over ... of 18%," said Doug Murphy-Chutorian, M.D., chief executive officer ...
Breaking Medicine Technology:Seeger Weiss LLP Reports That The FDA Has Issued A Warning Letter To IVC Filter Manufacturer, C.R. Bard 2Seeger Weiss LLP Reports That The FDA Has Issued A Warning Letter To IVC Filter Manufacturer, C.R. Bard 33D Printing Helps Doctors Rehearse Complex Brain Procedures 23D Printing Helps Doctors Rehearse Complex Brain Procedures 33D Printing Helps Doctors Rehearse Complex Brain Procedures 4Semler Reports Second Quarter 2015 Financial Results 2Semler Reports Second Quarter 2015 Financial Results 3Semler Reports Second Quarter 2015 Financial Results 4Semler Reports Second Quarter 2015 Financial Results 5Semler Reports Second Quarter 2015 Financial Results 6
... Southern California-based philanthropy Free Wheelchair Mission has ... International,s annual giving catalog. Called "Relief in ... humanitarian outreach operations, supporting causes including hunger alleviation, ... The two international nonprofits have collaborated since 2005, ...
... , BAD HOMBURG, Germany and LACHEN, Switzerland, Oct. ... signed a License, Development and Supply Agreement regarding ... develop a HESylated recombinant protein. , Under the ... Technology to Octapharma. This technology platform is based ...
Cached Medicine Technology:OC-Based Charity Teams with International Relief Organization in Holiday Fundraising Drive 2Octapharma Group and Fresenius Kabi Enter Into an Exclusive License, Development and Supply Agreement for a HESylated Recombinant Protein 2Octapharma Group and Fresenius Kabi Enter Into an Exclusive License, Development and Supply Agreement for a HESylated Recombinant Protein 3
For the qualitative determination of magnesium in serum....
Intended for the quantitative determination of magnesium in serum or plasma. Reaction: Endpoint. Wavelength: 520 nm. Linearity: 6.0 mg/dL (2.5 mmol/L)....
For the quantitative determination of Magnesium in serum. Linearity: 4.0 mEq/L. Working Reagent prepared by simple 1:10 dilution....
For the quantitative determination of total glucose in serum....
Medicine Products: