Nova Lifestyle (NVFY) Announces Compliance with Nasdaq's Minimum Bid Price Rule
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Nova LifeStyle Regains Compliance with Nasdaq’s Minimum Bid Price Rule
September 22, 2016 7:45 AM EDTLOS ANGELES, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (Nova LifeStyle or the Company), a U.S.-based, leading innovative designer, manufacturer and distributor of modern life style furniture, 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.Â
NASDAQ indicated within its letter that... More
