InfoSonics received notification from NASDAQ indicating that the company was granted an additional 180 day period to regain compliance with NASDAQ Rule 5550(a)(2) that requires listed securities to maintain a minimum bid price of $1.00 per share. The company now has until April 2, 2012 to regain compliance by demonstrating that the bid price of the company's common stock closes at $1.00 per share or more for a minimum of ten consecutive business days.
Concerns over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data sent shares …