Joe’s Jeans Inc. has returned to compliance with Nasdaq requirements and avoided a possible delisting.
The Los Angeles-based jeanswear company said Tuesday that it was notified by Nasdaq that it had regained compliance with listing requirements by maintaining a closing bid price of $1 or more for at least 10 consecutive trading days. The company fell out of compliance for the third time in four years in December after its stock price fell below the $1 minimum closing price for 30 consecutive trading days.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)