Auddia avoids Nasdaq delisting
BOULDER — Auddia Inc. (Nasdaq: AUDD) has avoided delisting from the stock exchange after regaining compliance with the bid-price rule, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.
Auddia had received a notification from the Nasdaq on July 14 that it was in violation of the bid-price rule because its share price traded below $1 per share for 30 consecutive days. At that point, the company had 180 days to regain compliance by raising its share price above $1 per share for 10 straight days.
Auddia achieved this on July 27.
SPONSORED CONTENT
Business Cares: April 2024
In Colorado, 1 in 3 women, 1 in 3 men and 1 in 2 transgender individuals will experience an attempted or completed sexual assault in their lifetime. During April, we recognize Sexual Assault Awareness Month with the hopes of increasing conversations about this very important issue.
The company develops smartphone apps that use artificial intelligence to play music over a radio station’s commercial break time in exchange for a monthly subscription fee from listeners.
Auddia stock closed Tuesday at $1.10 per share.
BOULDER — Auddia Inc. (Nasdaq: AUDD) has avoided delisting from the stock exchange after regaining compliance with the bid-price rule, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.
Auddia had received a notification from the Nasdaq on July 14 that it was in violation of the bid-price rule because its share price traded below $1 per share for 30 consecutive days. At that point, the company had 180 days to regain compliance by raising its share price above $1 per share for 10 straight days.
Auddia achieved this on July 27.
The company develops smartphone apps that use artificial…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!