Home / Crypto News / MicroVision Gets Nasdaq Global Market Listing Deficiency Notice

 

MicroVision (MVIS), a technology company, said after markets closed on Friday that it has received a listing deficiency notice from the Nasdaq Stock Market.

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Nasdaq advised the company that for 30 consecutive business days, the bid price of the company’s share had closed below the $1 per share minimum required for continued listing, MicroVision said in a statement

MicroVision has now six months, or until Dec. 10, to regain compliance with this requirement.

During the six-month compliance period, MicroVision can regain compliance if the bid price of its shares closes at $1 or higher for a minimum of ten consecutive business days.

If the company does not regain compliance by Dec. 10, 2019, the company’s shares will be delisted.

The company said it is monitoring the bid price, continues to execute its business plan and will consider other actions that it may take in order to regain compliance.

 
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