Cinedigm Corp. Regains Compliance With Nasdaq Listing Rule 5450(a)(1)
February 13 2019 - 9:15AM
Cinedigm Corp. ("Cinedigm" or the "Company") (NASDAQ:
CIDM) received formal notification from The Nasdaq Stock
Market LLC ("Nasdaq") that the Company has regained compliance with
Listing Rule 5450(a)(1), which requires the Company's common stock
to maintain a minimum bid price of $1.00 per share. The Nasdaq
staff made this determination of compliance after the closing bid
price of the Company's common stock was at $1.00 per share or
greater for the prior 10 consecutive business days.
Nasdaq had previously notified the Company of its non-compliance
with Listing Rule 5450(a)(1) on December 12, 2018, following 30
consecutive business days for which the closing bid price of the
Company's common stock did not meet the $1.00 per share minimum
requirement.
About
Cinedigm
Since inception, Cinedigm has been a leader at the forefront of
the digital transformation of content distribution. Adjusting to
the rapidly transforming business needs of today’s entertainment
landscape, Cinedigm remains a change-centric player focused on
providing content, channels and services to the world’s largest
media, technology and retail companies. Cinedigm’s Content and
Networks groups provide original and aggregated programming,
channels and services that entertain consumers globally across
hundreds of millions of devices. For more information, visit
www.cinedigm.com.[CIDM-E]
For more information:
Jill Newhouse
CalcaterraCinedigmjcalcaterra@cinedigm.com310-466-5135
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