From Earlier: BioFuel Energy Receives Listing Extension; Announces Reverse Stock Split

BioFuel Energy BIOF yesterday announced it has received a letter from the Nasdaq Listings Qualifications Panel advising it that the Company will be provided a further extension of time, until June 30, 2012, to regain compliance with the $1.00 bid price requirement for continued listing on the NASDAQ Stock Market. The Company also announced that it intends to implement a reverse split of outstanding shares of common stock and Class B common stock at a ratio of 1-for-20. The reverse split is expected to be effective on or before June 15, 2012.