Nasdaq delisting possible for Pizza Inn

THE COLONY, Texas — The Nasdaq stock exchange has informed Pizza Inn it faces delisting if the 378-store chain fails to meet at least one of three minimum requirements for trading.

 

According to a regulatory filing, the chain has until Nov. 24 to comply with the "minimum shareholders' equity, minimum market value of listed securities, and minimum net income requirements."

 

Pizza Inn said it can't guarantee it can "cure its noncompliance by achieving or sustaining these requirements, and as a result the Company may not be able to maintain its Nasdaq listing."

 

In Nov. 15 trading, Pizza Inn shares fell to $1.60, a few cents above its 52-week low.