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Star Equity Holdings Inc.
07/03/2024 | Press release | Distributed by Public on 07/03/2024 09:44
Material Event Form 8 K
| Item 8.01 | Other Events |
On July 2, 2024, Star Equity Holdings, Inc. (the "Company") received a letter (the "Reinstatement Letter") from the Listing Qualifications Department of The NASDAQ Stock Market ("Nasdaq") advising the Company that it had regained compliance with Nasdaq's minimum bid price requirements under Nasdaq Listing Rule 5450(a)(1). Previously, on February 14, 2024, the Company had received a letter from Nasdaq notifying the Company that for the 30 consecutive business days preceding the date of the letter, the Company's common stock, traded under the symbol "STRR", did not maintain the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1), and that the Company had 180 days to regain compliance by maintaining a minimum bid price of at least $1.00 per share for a minimum of 10 consecutive business days. The Reinstatement Letter stated that because the Company's common stock closed above the $1.00 minimum bid price for the 10 consecutive business days ended July 1, 2024, the Company had regained compliance and the matter was closed. Shares of the Company's common stock closed on July 2, 2024 at $3.96 per share.