Actionable news
All posts from Actionable news
Actionable news in SFXE: SFX Entertainment, Inc.,

Notice of Delisting or Failure to Satisfy a Continued Listing Ruleor

SFX Entertainment,Inc., a Delaware corporation (the Company), received a written notification (the Notice) from The Nasdaq Stock Market (NASDAQ) stating that the Company is not in compliance with NASDAQ Listing Rule5450(a)(1), because for the last 30 consecutive business days the closing bid price of the Companys common stock was below the $1.00 per share minimum required for listing. The Notice has no immediate effect on the listing or trading of the Companys common stock on the Nasdaq Global Select Market.

In accordance with NASDAQ Listing Rule5810(c)(3)(A), the Company has an initial period of 180 calendar days, or until April12, 2016, to regain compliance with the minimum closing bid price requirement. The Company will regain compliance if the closing bid price of its common stock is $1.00 per share or higher for a minimum period of ten consecutive business days during this...