SBS Threatened With NASDAQ Delisting

Stock Under $1

SPANISH BROADCASTING SYSTEM has received written notification from THE NASDAQ STOCK MARKET that, based upon the Company's failure to regain compliance with the $1.00 per share minimum bid price requirement set forth in a NASDAQ Listing Rule, the Company's common stock is subject to delisting at the opening of business on APRIL 20th. 

SBS' stock closed below $1, at $0.90 on FRIDAY.

SBS intends to request a NASDAQ Hearings Panel, which will stay any action until the NASDAQ Hearings Panel renders a decision.

« see more Net News