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Cinedigm again falls short of Nasdaq listing requirements

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Cinedigm again falls short of Nasdaq listing requirements

Cinedigm Corp. is again out of compliance with the Nasdaq Stock Market LLC's minimum stock price rule.

On Oct. 11, the listing qualifications staff notified the company that it failed to meet the minimum bid price listing requirement since the closing bid price of its class A common stock was below $1 per share for the last 30 consecutive business days.

Cinedigm has 180 calendar days, or until April 8, 2020, to regain compliance. The company said it will consider all available options to regain compliance with the continued listing standards and may elect to address the deficiency by implementing a reverse stock split.