9 February 2015

Anadigics regains NASDAQ listing compliance

Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA has received a letter from The NASDAQ Stock Market that included a compliance determination that the firm has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a minimum closing bid price of $1 per share. Anadigics' common stock will therefore maintain its listing on the NASDAQ Global Select Market.

As previously announced, on 11 August 2014 the firm received a letter from NASDAQ notifying it that it did not comply with the $1 minimum closing bid price requirement for continued listing. The firm was given 180 days (until 9 February) to regain compliance.

The stock subsequently maintained a closing bid price of at least $1 per share for 10 consecutive business days, from 26 January to 6 February, enabling Anadigics to regain compliance.

See related items:

Anadigics' revenue falls 19% in Q3 due to decline in legacy Mobile

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