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Viggle -6.9%, receives delisting warning from Nasdaq

  • Viggle (VGGL -6.9%) today noted that on Friday, it got a delisting warning from Nasdaq after 30 consecutive business days below a minimum closing bid price of $1.
  • The company will get a cure period of 180 days (until May 18) to regain compliance, if it raises closing bid price over $1.00 for 10 straight business days.
  • Shares last closed over $1.00 on Oct. 8; they've lost 49.4% of value over the past month to settle at $0.43 today.

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