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Actionable news in GBSN: GREAT BASIN SCIENTIFIC INC,

Three Best Stocks in the Spotlight: Great Basin Scientific Inc (NASDAQ:GBSN), United Technologies Corporation (NYSE:UTX), SolarWinds Inc (NYSE:SWI)

On Wednesday, Shares of Great Basin Scientific Inc (NASDAQ:GBSN), lost -7.62% to $0.0800.

Great Basin Scientific, declared that on October 14, 2015, the Company received notice from the NASDAQ Listings Qualifications Staff indicating that the Company did not satisfy the minimum $35 million market value of listed securities and $1.00 bid requirements for continued listing on The NASDAQ Capital Market, as set forth in NASDAQ Listing Rules 5550(b) and 5550(a) price, respectively. In accordance with the NASDAQ Listing Rules, the Company has been offered a grace period of 180 calendar days, through April 11, 2016, to evidence compliance with the Rules. In order to satisfy the Rules, the Company must evidence a market value of listed securities of at least $35 million and a closing bid price of at least $1.00 per share for a minimum of 10 successive business days (and generally not more than 20 business days) on or before April 11, 2016. The notice has no effect on the listing or trading of the Company’s common stock on The NASDAQ Capital Market at this time.

The Company is considering its options to address the deficiencies, counting as formerly declared to file a proxy for a special shareholders meeting to solicit a vote on the implementation of a reverse stock split to evidence compliance with the $1.00 bid price requirement.

Great Basin Scientific, Inc., a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-attained infections.

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