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Tuesday, Oct 3, 2023

Cinedigm Regains Compliance With Nasdaq Rule

Cinedigm Corp. has regained compliance with a Nasdaq rule requiring its shares to have a minimum market capitalization of $15 million. The Sherman Oaks entertainment content distributor had been notified in December that it was out of compliance with the rule. The Nasdaq staff made the determination the company had regained compliance based on the value of Cinedigm’s common shares for 10 consecutive days. Last month, Cinedigm had regained compliance with the Nasdaq rule that its share price must be $1 or higher. The company announced the regaining of compliance on Monday. On Wednesday, shares in Cinedigm (CIDM) closed up 1 cent, or a fraction of a percent, to $1.54 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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