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Last $0.29 USD
Change Today -0.0599 / -17.11%
Volume 336.8K
ADAT On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

authentidate holding corp (ADAT) Snapshot

Open
$0.30
Previous Close
$0.35
Day High
$0.36
Day Low
$0.25
52 Week High
12/9/14 - $1.20
52 Week Low
08/10/15 - $0.09
Market Cap
12.2M
Average Volume 10 Days
1.0M
EPS TTM
$-0.23
Shares Outstanding
42.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AUTHENTIDATE HOLDING CORP (ADAT)

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authentidate holding corp (ADAT) Details

Authentidate Holding Corp. provides Web-based software applications, and telehealth products and services in the United States. The company offers Inscrybe Healthcare, a secure Web-based workflow automation solution that enables healthcare industry participants to exchange and track various documents, certificates, authorizations, and other information in various modes of communication, such as electronic and fax delivery; Inscrybe Office, a Web-based service to sign, seal, and confirm receipt of documents over the Web for business or personal use; and AuthentiProof, a content integrity and time-and-date stamp application to verify the authenticity of a document or file sent electronically. It also provides in-home Electronic House Call solution that integrates an in-home patient vital signs monitoring system that allows manual entry or automatically takes vital signs from peripherals and communicates with the practitioner over the Internet for analysis and intervention, as well as consists of onscreen patient treatment, disease management education, and intelligent routing to alert on-duty caregivers if any vital statistics fall outside of the parameters pre-set by the practitioner; and an Interactive Voice Response patient vital signs monitoring solution that offers patients an alternative in using a vital signs in-home monitoring device. The company offers Web-based services as software as a service to its customers interfacing with billing information, and document management systems. It serves healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. The company sells its products and services through direct sales personnel, reseller arrangements, and group purchasing organizations. The company was formerly known as Bitwise Designs, Inc. and changed its name to Authentidate Holding Corp. in March 2001. Authentidate Holding Corp. was founded in 1985 and is headquartered in Berkeley Heights, New Jersey.

41 Employees
Last Reported Date: 09/29/14
Founded in 1985

authentidate holding corp (ADAT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $182.0K
Compensation as of Fiscal Year 2014.

authentidate holding corp (ADAT) Key Developments

Authentidate Holding Corp. Issues Senior Secured Promissory Note in the Aggregate Principal Amount of $320,000 to MKA 79, LLC

Authentidate Holding Corp. issued a senior secured promissory note in the aggregate principal amount of $320,000 to MKA 79, LLC (purchaser), in a private transaction dated August 7, 2015. The note is due and payable on December 31, 2015 and interest shall accrue on the Note at the rate of 10.0% per annum. The note is not convertible into equity securities of the company and it contains terms and events of default customary for similar transactions. The note is secured by a first priority lien on certain of the assets, as described in a security agreement entered into between the company and the purchaser dated as of August 7, 2015.

Authentidate Holding Corp. Receives Non-Compliance Notice From NASDAQ

On July 29, 2015, Authentidate Holding Corp. received a determination letter from the staff of The NASDAQ Stock Market LLC (Nasdaq) stating that the company has not regained compliance with The Nasdaq Capital Market minimum bid price of $1.00 requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the company was initially notified on January 28, 2015, that the bid price for its common stock had failed to satisfy the minimum bid price requirement and in accordance with the Nasdaq Listing Rules, the company was provided 180 calendar days, or by July 27, 2015, to regain compliance with the minimum bid price requirement. The Nasdaq determination letter also stated that the company is not eligible for an additional 180-day extension to regain compliance with the minimum bid price rule because the company does not meet the minimum stockholders’ equity initial listing requirement for the Nasdaq Capital Market. The determination letter also stated that the company did not maintain a minimum $2.5 million in stockholders equity for continued listing and did not meet the alternatives of market value of listed securities or net income as required under Listing Rule 5550(b) and that such deficiency serves as an additional basis for delisting. As previously reported, the company had received a notification letter from Nasdaq dated May 28, 2015, advising the company of its failure to comply with the required minimum of $2.5 million in stockholders’ equity for continued listing on The Nasdaq Capital Market, pursuant to Listing Rule 5550(b)(1). Pursuant to the determination letter, unless the company requests a hearing to appeal this determination by August 5, 2015, the company’s common stock will be delisted from The Nasdaq Capital Market, trading of the company’s common stock will be suspended at the opening of business on August 7, 2015, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the company’s securities from listing and registration on Nasdaq. If the company requests an appeal, the company will be asked to provide a Hearing Panel with a plan to regain compliance with both the minimum bid price requirement of Listing Rule 5550(a)(2) and the minimum shareholders’ equity requirement of Listing Rule 5550(b)(1). The company’s plan would need to include a discussion of the events that the company believes will enable it to timely regain compliance with both requirements. If the company appeals the delisting determination, the appeal will stay the suspension of the company’s securities and the filing of the Form 25-NSE until the hearing process is completed. The company intends to timely request a hearing to appeal the staff’s determination. While the appeal process is pending, the suspension of trading of the company’s common stock will be stayed, and the company’s common stock will continue to trade on the Nasdaq Capital Market until the hearing process concludes and the Hearing Panel issues a written decision. There can be no assurance that the Hearing Panel will grant the company’s request for a suspension of delisting or continued listing on Nasdaq. If the company’s common stock ceases to be listed for trading on the Nasdaq Capital Market, the company expects that its common stock would be traded on the Over-the-Counter Bulletin Board on or about the same day.

Authentidate Holding Corp. Announces Management Changes

Effective July 23, 2015, the board of directors of Authentidate Holding Corp. appointed William P. Henry, a member of the board of directors, to serve as the company's interim Chief Strategic Officer, a newly created position. Mr. Henry was initially elected to the board of directors on June 18, 2015. As interim Chief Strategic Officer, Mr. Henry will report directly to the Company's Chief Executive Officer and shall have responsibility for assisting the Board and the CEO in formulation and implementation of appropriate strategies and policies; assisting the Board and the CEO in the negotiation and review of any strategic transactions that Company may undertake, including joint ventures, mergers and acquisitions, financing transactions; and such other responsibilities and duties as the Board or the CEO may from time to time direct. During the tenure of his employment as interim Chief Strategic Officer, Mr. Henry will continue to serve as a member of the Board of Directors of the Company but shall not receive additional compensation pursuant to the Company's non-employee director compensation arrangements. Mr. Henry is a technology executive with over twenty-five years of experience in the telecommunications and software industries. From July 2012 through April 2015, Mr. Henry served as the Chief Executive Officer and a board member of Omnico Group. Prior to that, from April 2010 to April 2012, Mr. Henry was the Chief Executive Officer of Masternaut Group. In addition, on July 23, 2015, the board approved changes to the composition of the Company's audit committee following the resignation of Jeffrey A. Beunier on July 1, 2015. In order to maintain compliance with the requirement of the Nasdaq Stock Market to maintain an audit committee comprised of at least three independent directors, the board appointed Mr. Roy E. Beauchamp as a member of the audit committee. In addition, the board also named Marc Horowitz, a current audit committee member, to serve as chairman of the audit committee and designated Charles C. Lucas as an audit committee financial expert.

 

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