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CPI Card receives noncompliance notice from Nasdaq

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CPI Card receives noncompliance notice from Nasdaq

The Nasdaq Stock Market informed CPI Card Group Inc. that it is not in compliance with the exchange's listing standard because the company's market value of listed securities was below the required minimum of $35 million for 30 straight days.

Also, the company was notified that it does not meet the requirements under two other listing rules. Those rules lay out alternative standards for continued listing on the Nasdaq Capital Market based upon stockholders' equity or net income from continuing operations.

The company was provided with a grace period until Nov. 20 to regain compliance with the listing rules.