InfoSonics Regains Nasdaq ComplianceMonday, January 13, 2014
InfoSonics Corp. said it received notice from the Nasdaq Stock Market that the company regained compliance to be listed, given that the stock price has been at $1 per share or greater for at least 10 consecutive business days.
InfoSonics, a San Diego distributor of wireless devices mainly in Latin America, said the deficiency that arose as of Dec. 9, 2013 is now closed and the company’s stock will continue to trade on Nasdaq Capital Market exchange.
At the close of trading Jan. 13, shares of InfoSonics, under the ticker IFON, were at $1.60, down 2 cents from the prior trading day’s closing price of Jan. 10. Shares have ranged from 38 cents to $1.89 in the past 52 weeks.