GIVAT SHMUEL, Israel - Cimatron Limited announced today that on October 20, 2009, it had received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), as its ordinary shares have achieved a closing bid-price of $1.00 or more for 10 consecutive business days.
As previously announced, NASDAQ had notified the Company on September 16, 2009 that its ordinary shares had fallen out of compliance with the minimum bid price requirement for continued listing on the NASDAQ Capital Market due to the shares having failed to achieve at least a $1.00 closing bid price for 30 consecutive business days. Cimatron had been granted a grace period of 180 calendar days in which to regain compliance.
Oct 21, 2009
Cimatron Regains Compliance with NASDAQ Closing Bid Price Requirement
Filed under:
Cimatron,
Financials
Popular Articles
- New Autodesk Factory Design Suite Accelerates the Factory Design Process
- Siemens PLM Software's NX 8 Includes Comprehensive Enhancements Throughout with Focus on CAE
- Gerber Scientific Acquires Yunique Solutions
- MathType 6.5 for Windows is Now Shipping
- Stamping Simulation with AutoForm Cuts the Number of Correction Loops in Half
- SpaceClaim to host Presentations by Customers and SpaceClaim Executives on March 24
- 1st Pricing Announces Cloud-Integrated BIM Add-on for ArchiCAD 15
- Lattice Technology Releases New XVL Converter for Autodesk Inventor 2010
- Autodesk Announces Three New Software Releases for the Mac
- Think3 collaborates with Intel for business platform initiative