Sequential Brands Group Maintains $1/share NASDAQ Requirement, Not Delisted $SQBG

As previously reported in a Form 8-K filed January 18, 2019, Sequential Brands Group, Inc. (the “Company”) had been notified by the Nasdaq Stock Market (“Nasdaq”) on January 16, 2019 that it was not in compliance with Nasdaq’s requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). On February 14, 2019, the Company received a letter from Nasdaq notifying the Company that it has regained compliance with the minimum bid price rule. In order to regain compliance, the closing bid price of the Company’s common stock was required to be at least $1.00 per share for a minimum of 10 consecutive business days. This requirement was met on February 13, 2019. The Company is in compliance with all applicable listing standards and its common stock will continue to be listed on the Nasdaq Capital Market. Nasdaq considers this matter closed.

As reported in SQBG 8-K Current Report

Leave a comment

Your email address will not be published. Required fields are marked *