Remark Holdings Inc. on Dec. 30, 2019, received a notice from the Nasdaq Stock Market LLC's listing qualifications department about the company's failure to meet a listing requirement.
The company failed to maintain a minimum market value of listed securities of $35 million for 30 consecutive business days, which is required for continued listing on the Nasdaq Capital Market, according to an SEC filing. Remark Holdings has 180 calendar days, or until June 29, 2020, to regain compliance with the requirement.
Nasdaq earlier informed Remark Holdings about the latter's failure to comply with the required minimum bid price of $1 per share for continued listing. The company has until May 18, 2020, to regain compliance.
The company's common shares will remain listed and traded on Nasdaq during the grace periods, subject to compliance with the other continued listing requirements.