Charter Communications Inc. is in danger of losing its listing on the Nasdaq national market because its stock has closed below $1 per share for 30 consecutive business days.
The Town and Country cable provider on Friday said it received a warning on Monday from Nasdaq and has until Oct. 13 to get its stock at or above $1 for 10 consecutive business days. If Charter doesn’t make that deadline, it can apply for an extension to regain compliance bad credit payday advance.
Charter almost lost its listing in 2003, but its shares rebounded in time.
The company’s stock closed Friday up at 93 cents a share.
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