Why was Salon delisted from Nasdaq?
Nasdaq has continued listing standards. To remain on the market, Salon had to show compliance with the $1 million market value of publicly held shares requirement on November 11, 2002 and with the minimum bid price of $1.00 per share requirement in February 2003. Nasdaq determined that the company was not in compliance with the $1 million market value of publicly held shares requirement on November 11, 2002 and the company was delisted.
