LCFY - Locafy regains compliance with Nasdaq's minimum bid price requirement
- Nasdaq has notified Locafy ( NASDAQ: LCFY ) that the software-as-a-service technology company has regained compliance with the stock exchange's minimum bid price requirement.
- The stock exchange has informed the company that the matter is now closed.
- The company was informed on Jun. 30 that its ordinary shares failed to meet a closing bid price of $1.00 or more for 30 consecutive business days.
- LCFY conducted a 1-for-20 reverse split of its ordinary shares to aid the compliance process.
- Source: Press Release
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Locafy regains compliance with Nasdaq's minimum bid price requirement