Cosi receives Nasdaq notice of minimum stockholder equity non-compliance Cosė announced that it had received notice from the Nasdaq Stock Market indicating that as of the date of the filing of its Form 10-Q for the period ended March 31, the company has fallen below the $2.5M minimum level of stockholders equity required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). The notification letter states that the company will be afforded 45 calendar days, or until June 14, to submit a plan to regain compliance. If the plan is accepted, the company may be granted an extension of up to 180 calendar days from the date of notification, or until November 12 to evidence compliance. The notification letter has no effect at this time on the listing of the company's common stock on The Nasdaq Capital Market. Cosė's common stock will continue to trade on The Nasdaq Capital Market under the symbol "COSI".
News For COSI From The Last 14 Days
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