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GigaMedia falls foul of NASDAQ listing requirements

21st January 2015 11:05 am GMT

Taiwan-based gaming operator GigaMedia has been set a deadline of July 13th to ensure its share price complies with the minimum bid price requirement of the New York's NASDAQ Stock Exchange, after closing below $1.00 per share for the past 30 consecutive business days.

The company was informed that it had failed to meet the minimum bid price requirement as set out in Listing Rule 5450(a)(1), and in accordance with NASDAQ Stock Market Rule 5810(c)(3)(A) has [...]

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