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MMA Capital trading on Nasdaq

The newly renamed MMA Capital Management LLC, of Baltimore, a real estate asset management company, will start trading on the Nasdaq Capital Market exchange on Thursday, MMA announced. The company, formerly known as MuniMae, executed a reverse 1-for-5 stock split on Sept. 29, enabling MMA to meet Nasdaq’s minimum price requirement, the firm said. CEO Michael Falcone said in a statement: “We are happy to partner with such an established and prestigious exchange as Nasdaq.  It’s long been our goal to become eligible for a national exchange, and it’s our belief that the added liquidity and the positive perception associated with trading on Nasdaq will create long-term benefits for shareholders.”  The company’s trading symbol will be “MMAC.”

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