Friday, April 10, 2009

Onvia Gets NASDAQ Warning

Seattle-based Onvia, a developer of sales intelligence services said late Thursday that the firm has received a warning from the NASDAQ stock market, saying that the firm has failed to maintain a minimum stockholders equity of $10,000,000. The firm said it has until April 18th to submit a plan to regain and sustain compliance, or apply for listing on the NASDAQ Capital Market, which has less stringent equity requirements. The firm is currently listed on the NASDAQ Global Market.