Tickets.com Works to Keep Stock Listed
Reuters
Tickets.com Inc., a provider of entertainment, sports and travel tickets, said Monday it received an extension from a Nasdaq panel to comply with the minimum stock price requirement of $1 a share for continued listing.
The Costa Mesa company is asking shareholders to approve a 1-for-8 reverse stock split and an arrangement for additional financing at its annual meeting July 11.
The stock, which has been trading below $1 this year, on Monday edged up 2 cents to 40 cents a share.
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