Sirius XM announced that it got notice from the Nasdaq on Sept. 15 that it is not in compliance with exchange rules, because its stock has closed below $1 per share for 30 consecutive business days.
The company could be delisted if shares don’t trade above $1 for 10 consecutive business days by next March 15.
Sirius could fix ths problem easily by going through with a reverse split that its stockholders approved in May.
Business Insider Emails & Alerts
Site highlights each day to your inbox.