Headlines > News > SpaceHab Approved for trading on the NASDAQ Capital Market

SpaceHab Approved for trading on the NASDAQ Capital Market

Published by Sigurd De Keyser on Sun Apr 9, 2006 12:20 am
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, announced that Nasdaq has approved its application to transfer the listing of the Company’s common stock from the Nasdaq National Market to the Nasdaq Capital Market.

The transfer to the Capital Market was effective at the opening of business on March 22, 2006. SPACEHAB will continue to trade under the symbol “SPAB”. The Company applied to transfer from the National Market to the Capital Market after it received a letter from Nasdaq notifying the Company that it was not in compliance with the National Market listing requirement for stockholders equity.

As announced on December 2, 2005, SPACEHAB does not currently satisfy the $1.00 bid price requirement for continued listing on Nasdaq. Pursuant to Nasdaq Marketplace Rules, the Company was granted a 180 calendar day grace period, through May 30, 2006, to evidence a closing bid price of at least $1.00 per share for 10 consecutive trading days. SPACEHAB has not yet evidenced compliance with that requirement. However, in the event the Company does not remedy the bid price deficiency by May 30, 2006 but evidences compliance with all other initial listing requirements for the Nasdaq Capital Market upon the expiration of the initial 180 day period, the Company will be eligible for an additional 180 day period, through November 27, 2006, to achieve compliance with the minimum bid price requirement. SPACEHAB currently complies with all other initial listing requirements for the Nasdaq Capital Markets.

About SPACEHAB, Incorporated

SPACEHAB, Incorporated (www.spacehab.com) is a leading provider of commercial and government space services with three primary business units. The Flight Services business unit develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA’s Space Shuttles for Space Station resupply and research purposes. SPACEHAB’s Astrotech subsidiary provides payload processing support services for both commercial and government customers at company-owned facilities in Florida and California. The Company’s Government Services business unit supports NASA’s Johnson Space Center providing configuration management, product engineering, and support services for both the Space Station and Space Shuttle programs. Additionally, through The Space Store, Space Media provides space merchandise to the public and space enthusiasts worldwide (www.thespacestore.com).

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