LeapFrog Receives Continued Listing Standard Notice from NYSE

On September 4, LeapFrog Enterprises Inc. received a continued listing standards notice from the New York Stock Exchange (NYSE), due to the average closing price of the company’s common stock having fallen below $1 over a consecutive 30 trading-day period. The notice has no immediate impact on the listing of LeapFrog’s common stock, which will continue to trade on the NYSE, subject to the company’s compliance with other listing standards.

Under NYSE rules, the company has six months following receipt of the notification to regain compliance with the minimum share price requirement. LeapFrog plans to notify the NYSE that it will cure the issue and regain compliance.

About the author

Phil Guie

Phil Guie is an associate editor at Adventure Publishing Group. He writes and edits articles for The Toy Book and The Licensing Book. Phil also serves as lead editor for The Toy Book Blog and The Toy Report newsletter, and manages social media for The Toy Book. But of course, Phil’s pride and joy are his weekly reviews for The Toy Insider, in which he writes about video games, movies, and other cool things. His hobbies include comics, baking, fidgeting, and traveling to off-the-beaten places and making new friends.