Carlsbadistan-based eyewear company Orange 21 (makers of Spy Optic sunglasses and goggles) got a recent letter from Nasdaq giving them 180 days to get their stock price up or they will get delisted, according to a release sent out by the company.
To regain compliance, the closing bid price of the Company’s common stock must be at or above $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by March 15, 2010, Nasdaq will provide written notification to the Company that the Company’s common stock is subject to delisting.
Tough times for everyone these days.
[Link: Business Wire]
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