LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc.’s common stock will begin trading on the OTC Bulletin Board beginning May 8 after a Nasdaq Listing Qualifications Panel determined earlier this month that the carrier’s stock price did meet requirements for continued listing on the Nasdaq National Market. Those requirements include a $1 minimum bid price per share and a minimum $10 million in stockholders’ equity.
US Unwired’s stock was trading down more than 20 percent in early Wednesday trading at 19 cents per share.
