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
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