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Nasdaq suspends trading of CPI Card Group's shares

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Nasdaq suspends trading of CPI Card Group's shares

Nasdaq Stock Market LLC on Jan. 17 suspended the trading of CPI Card Group Inc.'s shares on the exchange.

Nasdaq had notified the company that it was not complying with a rule requiring companies to have a minimum market value of $35 million. After CPI Card Group engaged with Nasdaq with respect to the delisting process, the company on Jan. 15 received a notice from Nasdaq that its shares would be suspended from trading at the open of business Jan. 17.

CPI Card Group's shares began to trade on the OTCQX Best Market, effective Jan. 17. The company's shares will continue to trade under the symbol PMTS.