Daily NewsView All News
DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and services to the federal government, received notice from Nasdaq on Dec. 31 that it is out of compliance with listing rules. The closing bid price per share of its common stock for 30 consecutive days fell below the $1 minimum bid price required for continued listing on Nasdaq.
DLH has until July 1 to get its stock price above $1. If it’s not above $1 by then, the company may receive another 180-day additional grace period. If the company doesn’t get its stock price higher than $1 by then, the company could be delisted from Nasdaq.