Cyren surges as Nasdaq extends timeline to fulfill requirements to stay listed

Cyren

07/10/2021 11:11

** Shares of security software maker Cyren Ltd  CYRN.O  jump
53% premarket to a three-month high of $0.745 
    ** Co says it received a 180-day extension from the Nasdaq
to regain compliance with the exchange operator's minimum bid
price requirement  urn:newsml:reuters.com:*:nEOL4WNXhZ
    ** Nasdaq-listed securities are required to maintain a
minimum bid price of $1.00 per share, else they risk being
delisted from the index
    ** CYRN has been trading below $1 since April, now has till
April 2022 to meet the listing requirement
    ** Stock set for its best day in 19 years, down 52.7% YTD

 (Reporting by Ambar Warrick)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837;))