SPAR gets Nasdaq notices
-
- November
- 28
SPAR Group Inc., a marketing company in Greenburgh, has received two notices from Nasdaq indicating that its shares are at risk of being delisted.
The company said a notice it received last week indicated it is not in compliance with a rule that requires it to have $2.5 million of stockholder equity, $35 million of market value for listed securities or certain profit levels. Nasdaq said it is reviewing the company’s listing.
Earlier this week, Nasdaq advised SPAR its stock price closed below $1 the previous 30 days, which also takes the company out of compliance. Nasdaq gave the company 180 days to get into compliance with the rule.
This entry was posted
on Wednesday, November 28th, 2007 at 6:02 pm by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
