Charter Regains Nasdaq Compliance

Author:
Publish date:

Charter Communications said Wednesday that it has received notice from the Nasdaq Global Select Stock Market that it is compliant with the minimum pricing standard of the exchange. Charter regained compliance on May 12, the 10th consecutive business day the company’s stock closed at or above $1 per share.



Charter received a notice from the exchange on April 14, after its stock had traded under the $1 benchmark for more than 30 consecutive business days. 


According to Nasdaq rules, Charter had 180 days to regain compliance, which is basically satisfied when the stock traded at or above $1 per share for 10 straight trading days.

Related