Hauppauge Digital Inc., a seller of video and data receivers for personal computers, has fallen below the Nasdaq Global Market stock exchange's minimum $10 million stockholder equity threshold and is in danger of being delisted.
The company has until Feb. 17 to come up with a plan to raise its equity level, and if the Nasdaq approves the plan Hauppauge Digital will get an extra 180 days to comply with the minimum equity level.
Alternatively, Hauppauge Digital could apply to switch to the Nasdaq's other stock exchange, the Capital Market. This alternative Nasdaq exchange is for companies whose primary focus is to raise capital.
The company, which hit a trading high of $4.06 last week and closed Friday at $2.94, was down more than 5 percent in early trading Monday.
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