Medalist Diversified REIT, Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement
22 Maio 2023 - 5:45PM
Business Wire
Medalist Diversified REIT, Inc. (NASDAQ:MDRR) (the “Company”), a
Virginia-based real estate investment trust that specializes in
acquiring, owning and managing commercial real estate in the
Southeast region of the U.S., announced today that the Company has
regained compliance with the minimum bid price requirement of
Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price
Requirement”). Specifically, the Company received written notice
from the Listing Qualifications Staff of The Nasdaq Stock Market
LLC (“Nasdaq”) stating that the Company has regained compliance
with the Minimum Bid Price Requirement for continued listing on The
Nasdaq Capital Market because the Company’s common stock had a
closing bid price of at least $1.00 per share for ten consecutive
business days. Accordingly, the Listing Qualifications Staff
considers the matter closed.
About Medalist Diversified REIT
Medalist Diversified REIT Inc. is a Virginia-based real estate
investment trust that specializes in acquiring, owning and managing
value-add commercial real estate in the Mid-Atlantic and Southeast
regions. The Company’s strategy is to focus on value-add and
opportunistic commercial real estate which is expected to provide
an attractive balance of risk and returns. Medalist utilizes a
rigorous, consistent and replicable process for sourcing and
conducting due diligence of acquisitions. The Company seeks to
maximize operating performance of current properties by utilizing a
hands-on approach to property management while monitoring the
middle market real estate markets in the southeast for acquisition
opportunities and disposal of properties as considered appropriate.
For more information on Medalist, please visit the Company website
at www.medalistreit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230522005498/en/
Brent Winn Medalist Diversified REIT, Inc.
brent.winn@medalistprop.com
Medalist Diversified REIT (NASDAQ:MDRR)
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