FutureLink Stock Listed on Nasdaq
FutureLink Corp. said Friday that its stock has met Nasdaq’s minimum-bid price requirement of trading at $1 a share for 10 consecutive days and that the Lake Forest company will remain listed on the Nasdaq market.
Wall Street’s response: The stock lost 6 cents Friday to close at 99 cents a share.
Closing prices for stock in the information technology services company had been higher than $1 a share since shareholders approved a 1-for-7 reverse stock split June 8 to help the company meet Nasdaq listing requirements.
The company said in a news release that its ticker symbol will return to FTRL on July 10. It has been FTRLD.
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