SBS Is Back In Compliance With NASDAQ
May 6, 2010 at 5:33 AM (PT)
SPANISH BROADCASTING SYSTEM has been informed by THE NASDAQ STOCK MARKET that it is in compliance with the $1 minimum closing bid price requirement for continued listing on THE NASDAQ GLOBAL MARKET.
In FEBRUARY (NET NEWS 2/17), SBS received notice from NASDAQ granting the Company's request for an extension of time to regain compliance with the $1 per share minimum bid price requirement set forth in NASDAQ Listing Rule.
The stock closed up 12 cents YESTERDAY to $2.04 a share. Follow SBS' stock here.