Sapiens, which executed a reverse 1-for-5 stock split on June 16 to drive up share value, will remain listed on Nasdaq.

The software and IT services company received confirmation from Nasdaq last week that it had regained compliance for a minimum $1 per share price over 10 business days. Sapiens stock closed at $3.60 on July 3.

The stock will continue to trade as SPNSD through July 14 at which time the D will be removed.