Publicly-traded in-theater advertising network National CineMedia may be delisted from the Nasdaq stock market if its share price doesn’t perk up.
An SEC filing said the company has received written notice from Nasdaq that it’s not in compliance with the $1 minimum bid price required for listing and has 180 days or risks being booted off the exchange.
The stock must meet or exceed $1 for a minimum of ten consecutive business days by April 26, 2023 in order to stay. After that, it may be eligible for another 180-day compliance period.
The company can also appeal a delisting determination to a Nasdaq hearings panel. The shares closed near a low at around 39 cents.
Read more on deadline.com
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