Marin Software Executes Reverse Split, Regains Nasdaq Compliance

Marin Software Incorporated (MRIN) has issued an announcement.

A company’s stock, which had been struggling to meet Nasdaq’s minimum bid price requirement, successfully regained compliance following a 1-for-6 reverse stock split. Despite previously falling short of the $1.00 threshold, the company’s transfer to the Nasdaq Capital Market and the subsequent reverse split pushed the bid price over the required minimum for at least 10 consecutive days, securing their position on the exchange.

For a thorough assessment of MRIN stock, go to TipRanks’ Stock Analysis page.