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NEW YORK — In an attempt to maintain its listing on the Nasdaq stock market, Razorfish is seeking approval for a reverse stock split from its shareholders.
The New York-based i-shop was notified by the Nasdaq Thursday that it faced delisting because its shares failed to comply with the exchange’s minimum bid price requirement. That requirement calls for the company’s common stock to maintain a closing bid price in excess of $3 per share.
Razorfish stock (RAZF) was trading on the Nasdaq at 26 cents Monday, down four cents.
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