InfoUSA to Keep Listing on Nasdaq
The stock exchange had threatened to remove InfoUSA's listing earlier this year after the company failed to meet the minimum $5 stock price for 90 consecutive days. Nasdaq agreed to accept InfoUSA's shareholder equity of $92.1 million as a standard for continued listing, according to InfoUSA.
In addition, the minimum bid price was lowered from $5 to $3, InfoUSA said. InfoUSA's stock was trading at more than $5. In April, the company reported an increase of more than $3 million in first-quarter revenue over the same quarter a year earlier.