IVillage Notified that its Stock May be Delisted
IVillage Inc. has been warned by the Nasdaq Stock Market that its stock may be delisted due to noncompliance with a marketplace rule.
Nasdaq notified iVillage that its common stock had failed to maintain a minimum bid price of $1 per share for 30 consecutive trading days.
The online women’s destination has until Dec. 16, 2002 or 90 calendar days to regain compliance.
The company said that it may apply to transfer its securities to the Nasdaq SmallCap market which could stay the delisting process pending Nasdaq review of the application.
IVillage.com is organized into branded communities across multiple topics of interest to women and offers such services as peer support, content and online access to experts and shopping opportunities. The firm was established in 1995 and is headquartered in New York City.
