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Tuesday, May 28, 2024
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Corinthian Gets Second Nasdaq Notice

Santa Ana-based Corinthian Colleges received a second notice from the Nasdaq for failure to file timely reports, the company said today.

Nasdaq notified the company last week that it was not in compliance with a listing rule because it hadn’t filed a report for the quarter ended September 30.

The company previously received a similar letter for failure to file its annual report for the fiscal year ended June 30.

Corinthian said it has until November 28 to tell Nasdaq how it plans to regain compliance with the stock market’s listing rules.

The company said it hasn’t decided yet on what actions it will take to respond to the letters.

Corinthian was trading at a market cap of about $12.5 million this morning.

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