Video Caption: A historic bell ringing, 250 miles above Earth.
Today we recognized the achievements of our #LaunchAmerica mission with NASA Astronauts Chris Cassidy, Robert Behnken and Douglas Hurley who rung the captain’s bell onboard the International Space Station to open the day’s trading on June 2.
Behnken and Hurley arrived at the station on May 31, a day after becoming the first NASA astronauts to launch on a commercial rocket. The launch of the SpaceX Falcon 9 rocket and Crew Dragon spacecraft marked the return of human launches from U.S. soil to the space station for the first time since the retirement of the space shuttle program in 2011.
SPACEHAB, Incorporated, a leading provider of commercial space services, today announced its receipt of a NASDAQ Staff Determination letter on October 7, 2008 indicating that the Company has failed to regain compliance with NASDAQ Marketplace Rule 4310(c)(4), and that its securities are, therefore, subject to delisting from The NASDAQ Capital Market.
Marketplace Rule 4310(c)(4) requires that the Company maintain a $1.00 bid price for its common stock traded on the NASDAQ Capitol Market Exchange. Following earlier notices of non-compliance with the requirement, the Company was granted a grace period, which expired on October 6, 2008.
The Company plans to request a hearing before a NASDAQ Listing Qualifications Panel to present its plan of compliance and request continued listing pending the completion of the plan. However, there can be no assurance the Panel will grant the Company’s request for continued listing.
Spacehab, a Texas company that soared into orbit building habitable modules for the space shuttle’s cargo bay, has seen its fortunes fall back to Earth in recent years. Its shares closed Wednesday at 48 cents on NASDAQ.
On Monday, NASDAQ notified Spacehab that it faces being delisted from the exchange for failure to maintain the minimum $1.00 per share closing bid over the preceding 30 trading days. The company has until October 6, 2008, to demonstrate compliance with the standard.
In an SEC filing dated April 8, Spacehab said it “has not yet determined what action, if any, it will take in response to this letter, although the Company intends to monitor the closing bid price of its common stock between now and October 6, 2008, and to consider available options if its common stock does not trade at a level likely to result in the Company regaining compliance with The NASDAQ Stock Market minimum closing bid price requirement.”
Spacehab had been hoping to sell 55,000 shares of stock to investors in February. However, that sale was contingent upon winning a contract under NASA’s Commercial Orbital Transportation Services program. That contract went to Orbital Science Corporation instead.