BuzzFeed has until Nov. 27 to improve its stock performance or risk being delisted from the Nasdaq, according to a filing Friday with the Securities Exchange Commission.
The media company received a notice from Nasdaq on Wednesday warning that over the past 30 business days, the bid price for BuzzFeed common stock has closed below the $1 per share minimum requirement to stay listed on the stock exchange.
If BuzzFeed misses the Nov. 27 deadline, the company could potentially receive another 180-day extension if it can meet the “continuing listing requirement for the market value of publicly held shares” and provide a written notice of its “intent to remedy the shortfall in the bid price” during this second period, among other requirements, the filing indicates. Failure to do so for this second period would result in BuzzFeed being delisted from the Nasdaq, although…
