Kona Grill faces Nasdaq delisting for low market value

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Kona Grill Inc. received a notice from the Nasdaq Stock Market that it hasn’t complied with market rules and could face being delisted. On Dec. 28, Kona (Nasdaq: KONA) was informed that for the previous 30 consecutive business days its shares had not had a minimum market value of $15 million, according to documents filed Friday with the U.S. Securities and Exchange Commission. That is the limit the Nasdaq requires for companies to list on the exchange. To get back in compliance, the beleaguered-Scottsdale...

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