HealthAxis Inc. Announces Approval of Continued Nasdaq Listing
Shares Will Continue to be Listed on NASDAQ National Market System
biz.yahoo.com
EAST NORRITON, Pa.--(BUSINESS WIRE)--Jan 16, 2001--HealthAxis Inc. (NASDAQ: HAXS - news) reports that the Nasdaq Listings Qualification Panel has determined to continue the Company's listing on The Nasdaq National Market.
The continued listing is subject to the Company holding its annual meeting and consummating its merger with HealthAxis.com, Inc. on or before January 29, 2001. In addition, by March 31, 2001 the Company must file its Form 10-K for the year ended December 31, 2000, which must include a February 28, 2001 balance sheet evidencing net tangible assets of at least $17,000,000.
The Company must also be able to demonstrate compliance with all requirements for continued listing on The Nasdaq National Market. The Company believes that it will meet all of these requirements.
The Company currently intends to hold its Annual Meeting of Shareholders on January 26, 2001. Subject to the receipt of the appropriate shareholder vote, it is presently anticipated that the merger will close on or about January 26, 2001. |
