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Net Element Regains Compliance with NASDAQ Listing Requirements
Oct. 23, 2017 08:54AM PST
Fintech Investing
Net Element (NASDAQ:NETE) has announced it has regained compliance with the NASDAQ listing requirements. As quoted in the press release: As of October 20, 2017 the Company has evidenced compliance with the $1.00 bid price requirement insofar as the bid price for the Company’s common stock has closed at or above $1.00 per share for …
Net Element (NASDAQ:NETE) has announced it has regained compliance with the NASDAQ listing requirements.
As quoted in the press release:
As of October 20, 2017 the Company has evidenced compliance with the $1.00 bid price requirement insofar as the bid price for the Company’s common stock has closed at or above $1.00 per share for more than 10 consecutive business days; and the Company has over $2.5 million in stockholders’ equity.
“Being a NASDAQ Capital Market listed company is an important part of our corporate strategy,” commented Oleg Firer, Chief Executive Officer of Net Element. “The Board and Senior Management Team have worked diligently to ensure continued NASDAQ compliance. We are grateful for the continued support of our shareholders through the process.”