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GigaMedia facing prospect of NASDAQ delisting

3rd October 2011 10:23 am GMT

With the company’s shares trading below $1.00 per share for the previous thirty consecutive business days, Everest Gaming part-owner GigaMedia Limited has received notification from the NASDAQ Stock Market warning that the company’s shares must regain compliance with the market’s minimum listing price requirements or face being delisted.

GigaMedia received a letter last week from NASDAQ stating that for the previous thirty consecutive business days, the bid price of the company's common stock closed below the [...]

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