FriendFinder Says It's Facing Delisting on Nasdaq

BOCA RATON, Fla. — FriendFinder Networks Inc. says it has received a notice of delisting by the Nasdaq stock exchange.

Nasdaq warned FriendFinder that the value of its publicly traded shares dipped below $15 million for 30 days and its stock price fell below $1 for 30 days, both grounds for delisting.

FriendFinder has until July 5 to boost its market value and until July 9 to increase its share price.

"The company can regain compliance with the minimum bid price rule if the bid price of its common stock closes at $1 per share or more for a minimum of 10 consecutive business days during the 180 calendar day period," FriendFinder said in a statement to regulators.

The Boca Raton, Fla.-based company that owns Penthouse magazine and the FriendFinder network of social media sites saw a net loss for the third quarter of $5.4 million in its third quarter, and its stock price has dropped substantially since the May initial offering at $10 a share.

FriendFinder traded Friday on the Nasdaq at 86 cents a share.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Abella Danger to Host 2025 XMA Creator Awards

the 2025 XMA Creator Awards, presented by premier creator platform Fansly.

Fleshlight Outlines 2025 Strategy

Fleshlight is marking its 2025 impact on the pleasure product industry.

Womanizer Launches New Brand Ambassador Program

Womanizer has launched a brand ambassador program.

Mystim Debuts 'Tension Lover 2' E-Stim Device

Pleasure brand Mystim has introduced its new Tension Lover 2 e-stim device.

Joi AI Joins Pineapple Support as Partner-Level Sponsor

Joi AI (formerly Eva AI) has joined the ranks of over 60 adult businesses and organizations committing funds and resources to Pineapple Support.

Blush Introduces 'Aqua Jet' Cleansing Douche

Blush has debuted the new Aqua Jet cleansing douche from its Anal Adventures collection.

Lovers Launches 2nd Phase of 'Feel Good, Do Good, Give Good' Campaign

Sexual wellness brand and retailer Lovers has launched the second phase of its philanthropic campaign for 2025, titled "Feel Good, Do Good, Give Good."

German Court Upholds Ban on PornHub, YouPorn

Germany’s Berlin Administrative Court has upheld a “network ban” on adult sites Pornhub and YouPorn for failing to comply with that country’s age verification regulations.

OurDream.ai Debuts New Porn Generator

OurDream.ai, an AI porn-generating platform, has launched an upgraded version of its AI engine.

Bodispa Inks Distro Deal With Shunga

Bodispa has signed a distribution deal with Shunga Erotic Art.

Show More