LifeVantage submits plan to regain Nasdaq compliance
LifeVantage Corporation announced that it has submitted its plan to Nasdaq detailing how the company will regain compliance with continued listing requirements. On September 29, 2016, LifeVantage received a letter from Nasdaq indicating that the company was not in compliance with Listing Rule 5250c1, due to the company's inability to file its Form 10-K for fiscal year 2016 by the extended date deadline. And, on November 15, 2016, LifeVantage received an additional non-compliance letter from Nasdaq due to the company's inability to file its Form 10-Q for the quarter ended September 30, 2016 by the filing deadline. If the plan is accepted, Nasdaq may grant LifeVantage an extension of up to 180 calendar days from the original non-compliance date of September 28, 2016, or until March 27, 2017, to regain compliance. The company's common stock will continue to trade on the Nasdaq Capital Market pending Nasdaq's review of the plan of compliance.