PORTLAND, Ore.—Enhanced directory assistance services provider Metro One Telecommunications Inc. said it is in compliance with listing requirements of the Nasdaq.
The company received notice July 19 that it was not in compliance with the $1 minimum closing bid price requirements for continued listing on the Nasdaq market and that its stock was in danger of being delisted. Just two days later, Nasdaq informed Metro One that it had regained compliance after its common stock closed above $1 for more than 10 consecutive trading days.
Metro One has suffered through a number of trials in recent months, including the loss of several large carrier customers.
