24/7 Averts Nasdaq Delisting

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NEW YORK 24/7 Real Media has regained compliance with the continued listing requirements of the Nasdaq, avoiding a delisting from the SmallCap Market.

Last month, the New York-based advertising and technology company appealed a Nasdaq ruling that the company’s stock was subject to delisting because it did not comply with the $1 minimum bid price requirement [IQ Daily Briefing, May 21]. Since then, the company’s stock price has climbed from 39 cents to $1.04 today. Now that 24/7 has regained compliance, the appeal hearing will not be held.

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