Atlanticus Holdings Corp. received a notice of noncompliance from Nasdaq after the market value of the company's publicly held shares had been below the minimum of $15 million for the previous 30 consecutive business days.
Atlanticus has 180 calendar days, or until Aug. 20, to regain compliance with the listing rule. If the company does not regain compliance within the given period, it will receive a notice of delisting from Nasdaq, which may be appealed.
The company expects to regain compliance with the listing rule by Aug. 20. Alternatively, it may transfer its listing to the Nasdaq Capital Market.