Los Angeles Business Journal

NetSol Regains Nasdaq Compliance

By Deborah Crowe Tuesday, August 28, 2012

NetSol Technologies Inc. said that it received notice late Monday that it has regained compliance for continued listing on the Nasdaq.

The Calabasas information technology services provider had been given six months to bring its share prices above $1 for 10 consecutive days.

The company earlier this month completed a 1-for-10 reverse split of its common stock, which on Tuesday closed up 2 percent to $4.46.