News

Cosi Inc. regains Nasdaq listing compliance

February 23, 2012

Così Inc. has announced that it has regained compliance with the Nasdaq Listing Standards by curing the company's bid price and Market Value of Listed Securities deficiencies.

As of February 17, 2012, the bid price of the company's common stock had closed above the $1.00 minimum requirement for a period of 10 consecutive trading days. Additionally, based on total shares outstanding of 51.8 million shares, the company common stock has exceeded the minimum $50 million Market Value of Listed Securities requirement as required by Listing Rule.

The company now meets the continued listing standards for The Nasdaq Global Market and no further action is required.

The company was threatened with a delisting in 2010 after its stock fell below the $1.00 stock price.Shares were listed at $11.21 per share in March of 2006, and were listed as low as $0.56 in September 2011.

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