Staffing 360 Solutions Inc. (NASDAQ: STAF) received notice from the Nasdaq that it is back in compliance with the minimum bid price requirement to be listed on the exchange, the company reported today.
“With this matter now resolved, and the previously announced recent successful restructuring of our senior debt, we continue our laser focus on driving growth and creating shareholder value,” Chairman and CEO Brendan Flood said.
Nasdaq had notified the company on Sept. 24 that it was below the minimum bid price of $1 and gave it until March 23 to regain compliance. The company has now done so, and Staffing 360 Solutions reported the exchange now considers the matter closed.
Staffing 360 Solutions has staffing operations in the US and UK; it reported third-quarter earnings earlier this week.
Shares in Staffing 360 Solutions were down 3.27% to $1.04 as of 12:55 p.m. Eastern time; they were 269.64% above their 52-week low of 28 cents set on March 13. The company had a market cap of $10.4 million.