InfoUSA to Keep Listing on Nasdaq
Nasdaq has agreed to continue listing the stock of database marketing company InfoUSA, Omaha, NE.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.
