WPT Enterprises Inc., creator of World Poker Tour, has announced it received a letter from Nasdaq on Aug. 14 notifying the entertainment company that its stock does not meet stock listing price requirements.
According to a prepared statement from WPT Enterprises, its closing bid price has been below $1 for 30 consecutive business days. Nasdaq gives those in violation of the terms 180 calendar days to maintain a price of about $1 for 10 consecutive business days.