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Grand Toys regains compliance - ToyNews

Grand Toys regains compliance

Grand Toys regains compliance with NASDAQ?s Marketplace Rules 4310(c)(4) and 4310(c)(7).
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Grand Toys has maintained the minimum bid price and minimum market value requirements or greater, for at least 10 consecutive trading days.

The firm was notified by NASDAQ that its common stock had failed to maintain a minimum bid price of at least $1 per share and a minimum market value of publicly held shares of $1,000,000 over 30 consecutive trading days.

It had 180 days to regain compliance with the bid price requirement and 90 days to regain compliance with the market value requirement.

Last July Grand Toys was threatened with delisting from NASDAQ after it failed to file its Annual Report on form 20-F.

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