Cinedigm Corp. Regains Compliance With Nasdaq Listing Rule 5450(b)(3)(C)
March 04 2019 - 12:24PM
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(b)(3)(C), which requires the Company's common
stock to maintain a minimum market value of the Company’s publicly
held shares (“MVPHS”) of $15,000,000. The Nasdaq staff made this
determination of compliance after the Company's MVPHS was common
stock was at $15,000,000 or greater for the prior 10 consecutive
business days.
Nasdaq had previously notified the Company of its non-compliance
with Listing Rule 5450(b)(3)(C) on December 12, 2018, following 30
consecutive business days for which the Company's MVPHS did not
meet the $15,000,000 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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