
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced that it received approval from Nasdaq to move the listing of its Series A and B common stock, as well as its 8.0% Series A Cumulative Redeemable Preferred Stock, from the Nasdaq Global Select Market to the Nasdaq Capital Market. This transfer became effective on December 2, 2024, following a notice from Nasdaq on June 10, 2024, stating that Qurate Retail no longer met the minimum bid price requirement for continued listing on the Nasdaq Global Select Market.
Qurate Retail will remain listed on the Nasdaq Capital Market until December 9, 2024, which is the initial compliance date to meet the minimum bid price requirement. If the company is unable to meet the requirement by then, Nasdaq may offer a 180-day extension for compliance. During this time, Qurate Retail would continue to trade on the Nasdaq Capital Market. Additionally, the company has confirmed it would implement a reverse stock split if needed to regain compliance before the extension expires. If the bid price of its Series A common stock reaches $1.00 for 10 consecutive business days before the extension period ends, Nasdaq would grant written confirmation of compliance.
Despite the transfer, Qurate Retail does not expect a significant impact on its trading activities and has no immediate plans to reapply for listing on the Nasdaq Global Select Market.
Qurate Retail, Inc. is a Fortune 500 company that owns several prominent retail brands, including QVC®, HSN®, Ballard Designs®, Frontgate®, Garnet Hill®, and Grandin Road®. As a leader in video commerce, the company reaches more than 200 million households globally through television channels, digital streaming, and various digital platforms. Additionally, Qurate Retail also operates QVC+ and HSN+ streaming services and provides access to millions of customers via its websites, mobile apps, social media pages, and retail locations.