Remark Holdings Inc. on Sept. 3 received a notice from the Listing Qualifications department of The Nasdaq Stock Market LLC regarding the company's failure to satisfy certain listing requirements.
The bid price of the company's common stock for 30 consecutive trading days closed below the minimum $1.00 per share required for continued listing on the Nasdaq Capital Market, according to a Sept. 9 Form 8-K filing.
Remark Holdings has at least 180 calendar days to regain compliance with the minimum bid price requirement. If the company fails to regain compliance by March 2, 2020, the company may be eligible for an additional time to regain compliance if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards.
The company's common stock will continue to be listed and traded on Nasdaq during the 180-day grace period, subject to compliance with the other continued listing requirements of the Nasdaq Capital Market.
