Nasdaq Sends TheStreet Delisting Notice

By Tonya GarciaMarketsMarketWatch Pulse

TheStreet Inc. announced Tuesday in a Securities and Exchange Commission filing that it received a notice from The Nasdaq Stock Market LLC on Dec. 14 stating that it is not in compliance with the organization's closing bid price rules and is at risk of delisting. The rule states that shares must close at at least $1 per share for 30 consecutive days to maintain compliance. TheStreet's last close above a $1 was October 31. The company has until June 12, 2017 to close at or above $1 for 10 consecutive business days to regain compliance. TheStreet shares closed Monday at 89 cents per share. Its stock is down 45.7% for the past year while the Nasdaq is up nearly 11% for the same period.

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