Joe's Jeans JOEZ announced today that the Company
received a letter from The Nasdaq Stock Market indicating that the
Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the
“Bid Price Rule”) because the closing bid price per share of its common
stock has been below $1.00 per share for 30 consecutive trading days.
The Nasdaq letter was issued in accordance with standard Nasdaq
procedures. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the
Company will be provided with 180 calendar days, or until June 5, 2013,
to regain compliance with the Bid Price Rule. This notification has no
immediate effect on the listing of its common stock at this time.
To regain compliance with the Bid Price Rule,
See full press release
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