Emmis Communications got the word from Nasdaq a few days ago that it must get its share price up.
The company’s Class A common stock closed below the minimum $1 price point for 30 business days, triggering the notification.
It has until March 15 to get back in compliance. If it can’t get the price back up for the required 10 days, it would face delisting from the Nasdaq Global Select Market.
“The company intends to actively evaluate and monitor the bid price … and consider implementation of various options” if the stock price doesn’t recover, Emmis stated.