Spanish Broadcasting System Regains Compliance With NASDAQ Minimum Bid Price Requirement
August 1, 2011 at 5:40 PM (PT)
SPANISH BROADCASTING SYSTEM has returned to compliance wih the NASDAQ market's minimum closing bid price requirement, meeting the $1 threshold for continued listing on The NASDAQ Global Market.
The company's shareholders approved a 1-for-10 reverse stock split in JUNE (NET NEWS 6/9). The move helped SBS regain compliance with the NASDAQ minimum bid requirement.