Performant Receives Continued Listing Standard Notice from Nasdaq
Performant Financial Corporation (PFMT)
Last performant financial corporation earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.performantcorp.com/node/5806
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Source: GlobeNewswire
LIVERMORE, Calif., April 22, 2020 (GLOBE NEWSWIRE) -- Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, announced today that on April 17, 2020, the Company received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days beginning on March 2, 2020 and ending on April 16, 2020, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as required by Marketplace Rule 5450(a)(1) (the "Rule") for continued listing. In accordance with applicable NASDAQ procedures, the Company plans to notify NASDAQ in a timely manner that it intends to pursue actions to meet the minimum average share price requirement. The NASDAQ letter indicates that the Company will be provided 180 calendar days to regain compliance with the mi
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