Integrated Media Technology Faces Nasdaq Cutoff, Reverse-Split Vote Ahead
Integrated Media Technology Limited held steady in early U.S. premarket trading Thursday, with the Nasdaq-listed stock still only around 50% of the price needed to meet an exchange requirement. Shares last traded at $0.5224, up 0.46% from the prior close before the session started. This is key right now as the Australian company faces a June 29 deadline to meet Nasdaq’s $1 minimum bid rule. The exchange requires a stock’s closing bid to stay above $1 to keep its listing.