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LOUISVILLE, KY -- Nasdaq has informed Sypris that the EMS company is failing to meet the stock exchange's minimum closing bid price and is subject to delisting.

In a letter Jan. 6, Nasdaq informed Sypris that its common stock share price had failed to maintain a minimum bid price of $1 per share for the past 30 consecutive business days.

The notice does not result in the immediate delisting of the firm's common stock from the Nasdaq Global Market.

In order to regain compliance, the closing bid price of Sypris' common stock must be at least $1 per share for 10 consecutive business days during the period of 180 calendar days from the date of the notice, or until Jul. 5, 2017.

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