In a Securities and Exchange Commission filing, the New York-based company said the minimum bid price of its stock on the NASDAQ has closed below $1 per share for 30 consecutive business days.
TheStreet has until June 12 to get the stock to close at $1 per share or more for a minimum of 10 consecutive business days.
In the past year, the company has named a new chief executive officer in David Callaway and a new editor in chief in Tara Murphy. It’s also cut some of its editorial staff and some of its business staff.
The stock closed at 92 cents, up a penny, on Friday. It last closed above $1 on Oct. 31.
The stock was above $15 in October 2007 and above $35 in May 1999.
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…
Members of the CoinDesk editorial team have sent a letter to the CEO of its…