Charter could lose Nasdaq listing
EmptyNEW YORK -- Paul Allen's Charter Communications could see its shares get delisted from the Nasdaq Stock Market late this year or next.
The cable operator said Friday it received a Nasdaq notice that its stock has failed to close at or above $1 for 30 consecutive business days, one of the exchange's key compliance rules.
For Charter to regain compliance, it must hit the required minimum price for 10 consecutive business days any time by Oct. 13. After that, the company can request a 180-day extension.