Medalist Diversified REIT, Inc. Announces 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced that it has received a 180-day extension to regain compliance with The Nasdaq Stock Market LLC (“Nasdaq”) listing rule 5550 (a)(2) (the “Minimum Bid Price Requirement”).As previously disclosed, on July 11, 2022, the Company received a deficiency letter from the Listing Qualifications Department (the “Staff”) of Nasdaq notifying the Company that, for the preceding thirty (30) consecutive business days, the closing bid price for the Company’s common stock was below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to the Minimum Bid Price Requirement. In accordance with its Listing Rules, Nasdaq afforded the Company 180 calendar days, or until January 9, 2023, to r
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MDRR
Sec Filings
- 4/8/24 - Form 8-K
- 3/29/24 - Form 8-K/A
- 3/28/24 - Form 8-K/A
- MDRR's page on the SEC website