Monday, April 20, 2015

Daegis Gets NASDAQ Delisting Warning

Irving-bassed Daegis, a developer of ediscovery, archiving, and other related tools, said late Friday that it has received a warning from the NASDAQ on the company non-compliance with a $1.00 minimum closing bid price requirement. The company said the warning makes its stock subject to deslisting from the NASDAQ, unless it requests a hearing before the NASDAQ's Listing Qualifications Panel, which the company intends to do.