The listing qualifications department of Nasdaq on Aug. 19 informed Internet Gold - Golden Lines Ltd. about its noncompliance with a certain listing rule.
The rule requires companies on the Nasdaq Global Select Market to maintain a minimum of 750,000 publicly held shares.
The company has until Oct. 3 to submit a plan to regain compliance. If the plan is accepted, Nasdaq will grant Internet Gold an extension of up to 180 days to regain compliance with the listing rule.
