Supertel Hospitality NASDAQ Notice Pursuant to Common Stock
Supertel Hospitality, Inc. (NASDAQ: SPPR) today announced that it received a notification letter from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the Company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1).
The Nasdaq letter has no immediate effect on the listing of the Company's common stock.
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