Wednesday, March 10, 2010, 8:34am CST
Nasdaq sends Valence Tech warning
The note received March 8 came a little more than a week after the
rechargeable battery and energy developers' founder poured $1 million into
the company. The warning has no immediate effect, but Valence has until Sept
. 7 to regain compliance.
Valence, founded in 1989, recently reported a $5.6 million net loss on $4.1
million in revenue during the third quarter compared with a $5.2 million
loss on $4.7 million in revenue d