Los Angeles Magazine Parent Company Emmis Communications Threatened with NASDAQ Delisting
Los Angeles parent company Emmis Communications may be on the verge of being delisted by NASDAQ. Emmis was forced to request a hearing to prevent this scenario after recently receiving a “notice of delisting” from NASDAQ.
Indiana Business Journal has the backstory:
NASDAQ served notice to Emmis last Aug. 31 that its stock had closed below the exchange’s minimum $1-per-share requirement for 30 straight business days.
To regain compliance, Emmis shares needed to rise to the $1 minimum for at least 10 consecutive business days between then and Feb.
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