Rec. USA Regains Nasdaq Compliance
Holiday RV Superstores Inc., the dealership chain doing business as Recreation USA, has regained compliance with the listing requirements of the Nasdaq Small Cap Market, the company announced.
In an effort to satisfy Nasdaq listing requirements, Recreation USA completed a 10-for-1 reverse stock split on Aug. 7. That meant each 10 shares of Recreation USA stock was automatically converted into one share of the company’s stock.
Now, there are a little more than 983,000 Recreation USA shares outstanding.
Recreation USA stock has not traded since Aug. 21, when it closed at $1.50 a share, a 52-week low. Its 52-week high, adjusted for the reverse stock split, is $37.00 a share.
The company’s stock now trades under the symbol RVEED. Beginning Sept. 5, Recreation USA stock will trade under its old market symbol, RVEE, according to the company.