NaviSite (NAVI) Regains Compliance with NASDAQ Listing Rules
NaviSite, Inc. (NASDAQ: NAVI) announced that The NASDAQ Stock Market has informed the Company that it has regained compliance with NASDAQ listing rules.
Today the Company received a letter from The NASDAQ Stock Market confirming that it has demonstrated a market value of listed securities over the required minimum of $35 million for 10 consecutive trading days, for continued listing on The NASDAQ Capital Market under Listing Rule 5550(b) (formerly known as Nasdaq Marketplace Rule 4310(c)(3)), and that the NASDAQ Hearings Panel has determined to continue the listing of the Company's securities on The NASDAQ Stock Market.
NaviSite, Inc. provides information technology hosting, outsourcing, and professional services for mid-market organizations. [SM]
Today the Company received a letter from The NASDAQ Stock Market confirming that it has demonstrated a market value of listed securities over the required minimum of $35 million for 10 consecutive trading days, for continued listing on The NASDAQ Capital Market under Listing Rule 5550(b) (formerly known as Nasdaq Marketplace Rule 4310(c)(3)), and that the NASDAQ Hearings Panel has determined to continue the listing of the Company's securities on The NASDAQ Stock Market.
NaviSite, Inc. provides information technology hosting, outsourcing, and professional services for mid-market organizations. [SM]
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