Avid Bioservices Inc (CDMO)

[spankyvol]

will get 360 total days... automatic. Nasdaq likes money.

Peregrine will be automatically afforded an initial 180 calendar days, or until January 22, 2008, to regain compliance with this requirement. To regain compliance, the closing bid price of Peregrine's common stock must meet or exceed $1.00 per share for 10 consecutive business days.

This notification has no effect on the Nasdaq listing or trading of the company's common stock.

According to Nasdaq market regulations, companies are eligible for an additional 180-day period to regain compliance provided that on the 180th day of the first compliance period, the company demonstrates that it meets the criteria for initial listing set forth in Rule 4310(c), except for the minimum bid price requirement.

Peregrine currently meets all other listing requirements set forth in Rule 4310(c).