Nasdaq Gives Merge a July 7 Deadline
Nasdaq has given [tag]Merge Technologies[/tag] Inc. until July 7 to make its required federal filings or it will be delisted. [tag]Nasdaq[/tag] first threatened the company with [tag]delisting[/tag] in May because of non-filing of a Form [tag]10-K[/tag] annual report for 2005 and Form [tag]10-Q[/tag] quarterly report for the first quarter of 2006.
Merge has said that the 2005 [tag]earnings[/tag] will be reported by the end of June. The problems arose from the company’s acquisition of [tag]Cedara Software[/tag] Corp in 2005. The acquisition doubled the company’s size, but brought with it significant [tag]financial reporting[/tag] problems.
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