Spanish Broadcasting System Stock Back In Compliance With NASDAQ Minimum Value
March 23, 2015 at 4:57 AM (PT)
SPANISH BROADCASTING SYSTEM, INC. has regained compliance with NASDAQ's minimum market value for listing.
SBS received word on MARCH 17th that its shares had risen above the minimum value of $15 million for 10 consecutive days, putting it in compliance with the rule. It had been warned in DECEMBER that it would be delisted if not in compliance by JUNE 17th.