Erik Gruenwedel
January 17, 2019
Trans World Entertainment Corp., parent of home entertainment retailer f.y.e. (For Your Entertainment), Jan. 17 disclosed it has been put on notice by Nasdaq regarding its stock not meeting the $1 minimum price-per-share valuation for publicly-traded companies.
The retailer, whose stock is trading at 61 cents per share, has until July 15 to elevate the stock price to the minimum amount.
If the company does not regain compliance during the initial period, it may be eligible for additional time to regain compliance. If TWEC is not eligible, its expects that Nasdaq will provide written notice that the company’s common stock will be subject to delisting.
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