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Actionable news in GBSN: GREAT BASIN SCIENTIFIC INC,

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

On October 14, 2015, Great Basin Scientific, Inc. (the Company) received two letters (the Letters) from The Nasdaq Stock Market (Nasdaq) stating that (i) the bid price of the Companys common stock for the last 30 consecutive trading days had closed below the minimum $1.00 per share required for continued listing under Listing Rule 5550(a)(2) (the Bid Price Rule) and (ii) the Company has failed to comply with Listing Rule 5550(b)(2), which requires the Company to maintain a market value of listed securities of $35 million (the MVLS Rule and, together with the Bid Price Rule, the Relevant Listing Rules).

The Letters do not result in the immediate delisting of the Companys common stock, and the stock will continue to be listed on the The Nasdaq Capital M arket under the symbol GBSN during the 180-day grace period. The Company is considering its options for regaining compliance to allow for continued listing on The Nasdaq Capital Market and intends to take appropriate action before the end of the 180-day grace period.

The Letters state that the Company has until April 11, 2016 to demonstrate compliance by maintaining for a minimum of ten consecutive business days (i) a minimum closing bid price of at least $1.00 and (ii) a closing market value of listed securities of $35 million or more.

In the event the Company does...


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