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Westaff Inc. (NASD: WSTF), a Walnut Creek-based commercial staffing firm, could face delisting from Nasdaq if it doesn't get the bid price of its shares above the minimum-required $1 per share, the company said Tuesday. Nasdaq gave Westaff until March 9 to raise its share price.
The company said it could appeal Nasdaq's delisting decision after March 9 if its shares are still trading below $1. Westaff also said it could transfer to the Nasdaq Capital Market at that time, which would give it another 180 days to reach the minimum bid price.