US: Bakers regains Nasdaq listing compliance

By: just-style.com | 20 August 2008
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Bakers Footwear Group has retained its listing on Nasdaq following an investigation by the stock exchange.

The women's footwear retailer had been informed by Nasdaq that its listing was at risk in June this year, because it had not maintained the minimum market value of publicly held shares of US$5m or more for the previous 30 days.

Bakers was given 90 days to regain compliance, and has now been informed by Nasdaq that its minimum market value has been $5m or greater for at least ten consecutive trading days.

As such, said Bakers, the matter was now closed.

Last month, Bakers announced first quarter losses of $4.9m, up from $1m in the same period last year.

 

Sectors: Finance, Footwear

Companies: Bakers Footwear

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