Xceed Facing Nasdaq Delisting

Despite approving a 10-for-1 reverse stock split last month, Worldwide Xceed Group, a New York-based i-shop, says its stock is now subject to delisting from the Nasdaq National Market because it’s failed to trade at least $1 for a minimum of 10 consecutive trading days. In the past year, Xceed’s share price has swung from a high of $191.88 to a low of 21 cents. The agency, whose work has included two seasons of sites for CBS’s Survivor series, has requested a hearing before a Nasdaq panel to review the staff’s recommendation; a hearing date has not yet been set.