Wave Systems Regains Compliance With NASDAQ Bid Price Requirement
(firmenpresse) - LEE, MA -- (Marketwired) -- 01/19/16 -- (NASDAQ: WAVX), an enterprise security software provider, announced today that it has received formal notification from The Nasdaq Stock Market that the Company has evidenced compliance with the $1 bid price requirement, thereby resulting in Nasdaq's determination to continue the listing of Wave's securities on The Nasdaq Capital Market.
Separately, Wave remains subject to a grace period to evidence compliance with the minimum $35 million market value of listed securities requirement for continued listing on The Nasdaq Capital Market, which expires on February 8, 2016. In order to satisfy that requirement, Wave must evidence a market value of listed securities of at least $35 million for a minimum of 10 consecutive business days. In the event the Company does not regain compliance with the rule by February 8, 2016, the Company may request a hearing to address the deficiency and to request a further extension from the Hearings Panel. The request for a hearing would stay any action by the Nasdaq Staff pending the ultimate conclusion of the hearing process.
For more information about Wave Systems, visit:
Wave Systems reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the hardware security capabilities built directly into endpoint computing platforms themselves. Wave has been among the foremost experts on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the .
Walter A. Shephard
CFO
413-243-1600
Catalyst Global
David Collins, Chris Eddy
212-924-9800
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.01.2016 - 21:30 Uhr
Sprache: Deutsch
News-ID 445158
Anzahl Zeichen: 0
contact information:
Town:
LEE, MA
Kategorie:
Hardware
Diese Pressemitteilung wurde bisher 248 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Wave Systems Regains Compliance With NASDAQ Bid Price Requirement"
steht unter der journalistisch-redaktionellen Verantwortung von
Wave Systems Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
