Feb. 16 at 6:17 AM
$MARK The most significant update for your "hope of return" is that Remark is currently trying to raise
$75 million USD through a "Preferred Stock" offering.
The Goal: They intend to use this money to pay off debt and satisfy the NASDAQ listing requirements.
Why it matters: To get back on the NASDAQ, a company usually needs a minimum "Shareholders' Equity" (assets minus liabilities) and a share price typically above
$1.00 (though they can do a "Reverse Split" to achieve this).