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ZaZa Energy Corporation receives NASDAQ notice of bid price deficiency


Published Mar 25, 2014
ZaZa Energy Corporation

ZaZa Energy Corporation announced that on March 18, 2014, the Company received a letter from NASDAQ Stock Market LLC ('NASDAQ') indicating that it is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2) which requires listed securities to maintain a minimum bid price of $1.00 per share.

The Company has options available to ensure continued listing on the NASDAQ, and management and the Board of Directors are evaluating the most optimal path forward. As of March 18, the ZAZA share price was $0.78, and the Company will actively monitor the bid price for its common stock.

Tags: ZaZa Energy




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