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NEW YORK, Feb 10, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Nasdaq Stock Market, Inc. ("NASDAQ(R)")(Nasdaq: NDAQ), announced today the pricing of a common stock offering of 13,895,229 shares of NASDAQ's common stock at $40.00 per share. The offering consists of 7,000,000 primary shares and 6,895,229 shares of NASDAQ's common stock offered by NASD and certain other stockholders who purchased such shares through the exercise of warrants they purchased in company's 2000 and 2001 private placements. Merrill Lynch & Co., JP Morgan, and Credit Suisse acted as joint book-running managers and Thomas Weisel Partners LLC, Citigroup, Friedman Billings Ramsey, Keefe, Bruyette & Woods, and Sandler O'Neill & Partners, L.P. acted as co-managers. NASDAQ and NASD have granted the underwriters an option to purchase up to an additional 2,084,284 shares of NASDAQ's common stock to cover over-allotments, if any, which the underwriters may exercise within 30 days of the date of the final prospectus.
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CytRx Corporation (Nasdaq: CYTR) today announced that the Nasdaq Stock Market has approved the company's request to transfer its common stock to the Nasdaq SmallCap Market from the Nasdaq National Market effective May 28, 2002. The stock will continue trading under the symbol CYTR. The company requested the transfer to the Nasdaq SmallCap Market because it was unable to meet the $1.00 per share closing bid requirement of the Nasdaq National Market for the minimum number of consecutive trading days. The Nasdaq SmallCap Market has the same $1.00 closing bid requirement, but the company has until at least August 13, 2002 to demonstrate compliance with such requirement under Nasdaq SmallCap Market rules for a period of at least ten consecutive trading days. If the company fails to demonstrate compliance by August 13, 2002, the company may be eligible for a grace period of 180 days after such date to demonstrate compliance with the $1.00 closing bid requirement if the company is in compliance with the Nasdaq SmallCap Market core listing standards.
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