Sirius XM Meets NASDAQ Listing Standards
April 27, 2010 at 2:37 PM (PT)
SIRIUS XM Radio has been informed by NASDAQ that it is in compliance with all NASDAQ listing standards, including the minimum bid price requirement. Accordingly, the hearing, formerly scheduled for APRIL 29th before a NASDAQ Listing Qualifications Panel to review the Company's compliance with the minimum bid price rule has been canceled.
SIRIUS XM also confirmed that, given the NASDAQ compliance determination, its board of directors will not need to consider a reverse stock split.