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AirMedia Announces Receipt of Minimum Bid Price Notice From Nasdaq

CapitalWatch Staff 2018-11-19 14:54 PM
AirMedia Announces Receipt of Minimum Bid Price Notice From Nasdaq

AirMedia Group Inc. (Nasdaq: AMCN), an operator of out-of-home advertising platforms in China, today announced that it received a notice from Nasdaq on May 8, 2018 that the minimum bid price per American depositary share, each representing two ordinary shares of the company, was below $1 per share for a period of 30 consecutive business days. 

In the event that the AirMedia does not regain compliance by November 5, 2018, the company may transfer to the Nasdaq Capital Market which has less stringent listing requirements.