Joe’s Jeans Inc. has regained compliance with Nasdaq listing requirements after maintaining a closing bid price of $1 or above for more than 10 consecutive trading days.
Joe’s was notified by Nasdaq in June that it had fallen below stock price requirements and had until Dec. 5 to regain compliance. With its stock still stuck at between 52 and 62 cents in the first week of December, the Los Angeles-based jeans firm requested and subsequently received from Nasdaq another six months to meet the standard.
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