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Medirom Healthcare receives non-compliance letter from Nasdaq

  • Medirom Healthcare (NASDAQ:MRM) said on Friday it had received a written notification from the Nasdaq that it was not in compliance with the minimum market value requirement.
  • Nasdaq requires companies to maintain a minimum market value of US$35M and a failure to meet the minimum market value requirement exists if the deficiency continues for a period of 30 days.
  • The Company has 180 days, or until December 27 to regain compliance.

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