LiveOne Inc. Faces Nasdaq Delisting Threat Over Continued Non-Compliance With Minimum Bid Price Rule
Reuters
Oct 02
LiveOne Inc. Faces Nasdaq Delisting Threat Over Continued Non-Compliance With Minimum Bid Price Rule
**LiveOne Inc. Faces Nasdaq Delisting Threat Over Bid Price Rule** LiveOne Inc. announced it has received a delisting determination letter from Nasdaq after failing to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). The company was not eligible for a second 180-day extension due to not meeting the minimum stockholders' equity requirement. LiveOne has appealed the decision, which will temporarily prevent delisting while the hearing process is underway. The company expects to regain compliance with a planned reverse stock split and continues to trade on the Nasdaq Capital Market under the symbol "LVO" pending the appeal's outcome.
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