Swisher Hygiene regains compliance with Nasdaq

Swisher Hygiene regains compliance with Nasdaq's listing requirements, stock gains

Associated Press

CHARLOTTE, N.C. (AP) -- Swisher Hygiene Inc. has regained compliance with Nasdaq's listing requirements.

The Charlotte, N.C.-based hygiene and sanitation products and services company's stock rose more than 3 percent following the news.

Swisher said Wednesday that it received a letter on Tuesday from the exchange stating that it had completed all outstanding filing requirements. Nasdaq now considers the matter closed.

In March, a Nasdaq panel decided that Swisher's shares gave the company additional time to file its 2012 annual report and hold a shareholder meeting. Swisher had delayed filing some of its financial results while it looked into possible accounting adjustments that may have been needed, and fell out of compliance with Nasdaq rules when by missing deadlines for those steps.

Shares of the company gained 4 cents, or 4.6 percent, to 89 cents in morning trading. The stock has traded in a 52-week range of 84 cents to $2.70.

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