Home shopping channel Evine Live said in a Securities and Exchange Commission filing that it is back in compliance with the NASDAQ National Market System after having traded above $1 per share for 10 consecutive days.
Evine received a warning from the stock exchange on March 21 that its shares were in danger of being delisted because its stock had sunk below the $1 per share threshold for 30 consecutive trading days. Evine has undergone some management changes in the past several months, most notably the resignation of CEO Mark Bozek.
The company had 180 days from its notification to get back into compliance. Accordnig to the filing, after achieving the 10-day milestone, NASDAQ considers the matter closed. Evine shares closed at $1.23 each (up 2 cents) on April 13.
