Nonprofit accounting software developer Kintera said it has received notice of a possible delisting from Nasdaq after falling below the required threshold of stockholders' equity.
Nasdaq rules require companies to maintain a minimum of $10 million in equity, but in its latest quarterly report, Kintera said it had $9.8 million in equity as of March 31. Kintera has until May 30 to provide Nasdaq with a long-term plan to comply with the requirements or face delisting.
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