Stran (SWAG) said Friday it has met the requirement of the minimum bid rule for continued listing on the Nasdaq Capital Market.
The company said it received a written notice from Nasdaq that for the last 11 consecutive business days, the closing bid price of its common stock had been $1.00 per share or greater, and the company has regained compliance.
Stran received a notice of non-compliance from Nasdaq on Jan. 27.
Its shares were down over 4% in recent trading.
Price: 1.14, Change: -0.05, Percent Change: -4.20
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