InfoUSA, Omaha, NE, will keep its listing on the Nasdaq National Market.

As of May 1, the Securities and Exchange Commission agreed to replace Nasdaq’s previous $4 million net tangible assets standard with a $10 million shareholders equity standard as the requirement for compliance under one of its two listing standards. Additionally, the previous minimum bid price requirement for another listing standard was lowered, from $5 to $3 per share.

InfoUSA’s stock closed at $5.15 yesterday.

In order to be granted continued listing, Nasdaq requires that a company meet either one of the two standards. In making its determination for infoUSA’s continued listing, the Nasdaq panel noted that infoUSA exceeds the requirements for both Standard 1 and Standard 2.

InfoUSA will continue to be listed on the Nasdaq stock exchange through June 14, according to a decision from the Nasdaq Listing Qualifications Panel. The ruling comes after an oral hearing InfoUSA made in March.

Nasdaq had informed the Omaha, NE-based business and consumer information products and services provider was in danger of delisting after its stock price fell below a per-share price of $5 for three consecutive months.

InfoUSA maintained that it remained eligible under a separate set of listing guidelines, which allowed for a lower stock price if the company demonstrated a higher level of net tangible assets. InfoUSA argued that its database assets had been undervalued in Nasdaq