Business Services Industry
Nasdaq warns Kintera
San Diego Business Journal, May 26, 2008 by Mike Allen
Nasdaq Warns Kintera: Kintera Inc., a San Diego maker of software to help nonprofit groups better manage their fundraising, said that the Nasdaq exchange notified the company it is not in compliance with minimum stockholders' equity rules for continued listing.
At the end of the first quarter, Kintera reported shareholders' equity of $9.8 million, below the minimum $10 million threshold, the firm said.
Kintera said it has until May 30 to come up with a plan on how it will meet the required minimum equity number.
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