Nova Lifestyle (NVFY) Announces Compliance with Nasdaq's Minimum Bid Price Rule

September 22, 2016 7:46 AM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Nova LifeStyle, Inc. (NASDAQ: NVFY) today announced that it has received a letter from the NASDAQ Stock Market (“NASDAQ”), indicating that Nova LifeStyle has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Stock Market, pursuant to the NASDAQ marketplace rules.

NASDAQ indicated within its letter that since the Company has regained compliance with Listing Rule 5450(a)(1), or the Minimum Bid Price Rule, this matter is now closed.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News

Add Your Comment