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Avid's NASDAQ relisting approved - Audio Media International

Avid's NASDAQ relisting approved

The company was delisted earlier this year after it missed a deadline to restate a number of financial statements.
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Avid has gained approval to once again list its common stock on The NASDAQ Stock Market.

The company was delisted earlier this year after it missed a deadline set by NASDAQ to restate a number of financial statements. As a result, its common shares began trading on the OTC (over-the-counter) markets.

“We are pleased that Avid stock will once again trade on the NASDAQ,” said John Frederick, executive vice president, chief financial and administrative officer of Avid (pictured).

“We believe this milestone offers current and future Avid shareholders an exciting opportunity to share in the success of our business through improved access to our common stock. We look forward to generating sustainable, profitable growth as we continue to execute on our plan to unlock the full potential of Avid.”

The firm has resumed trading under the symbol AVID.

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