📅 - PFSweb, Inc. (pfsweb.com), a hosting provider based in Plano, Texas, announced today that it is in compliance with all Nasdaq SmallCap market listing requirements. Accordingly, the company's common stock will continue to be traded on the Nasdaq SmallCap market and is no longer subject to delisting.
PFSweb was issued a delisting notice from Nasdaq in May because of the company's failure to maintain compliance with the $1 minimum bid price requirement. "We are very pleased with the Nasdaq notification and that PFSweb is now fully compliant with all listing requirements," said Mark C. Layton, senior partner and chief executive officer of PFSweb. "Our outlook remains positive. We remain confident that we have the financial resources, the people, the quality customers, the services and the leading-edge technology to be successful in our future business plans."
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