QMMM (QMMM) said Friday that it received a notice from Nasdaq for being in non-compliance with the exchange's minimum bid price requirement for continued listing.
According to the notice, QMMM's stock fell below Nasdaq's minimum bid price of $1 per share based on the stock's close for the period Jan. 8 to Feb. 25. QMMM said it has 180 calendar days, through Aug. 25, to regain compliance with the listing rule.
The media company said it is evaluating options to cure the deficiency and plans to timely regain compliance with Nasdaq's continued listing rules.
Price: 0.88, Change: +0.07, Percent Change: +9.05
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