Run, Blue Dog, Run: Sirius Avoids Delisting

Published on April 27, 2010
by John Paczkowski

Looks like Sirius XM Radio (SIRI) will not be booted from NASDAQ.

As of market close today, the company’s shares have traded above $1 for 10 straight days, putting it back in compliance with NASDAQ’s minimum bid requirement. As a result, the NASDAQ Listing Qualifications Panel hearing Sirius was to attend Thursday has been canceled and the company is no longer in danger of being booted to the Pink Sheets — not that it ever was, really.

More good news for Sirius whose shares were trading at a new 52-week high of $1.20 yesterday.

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