Examples of NASDAQ Letter in a sentence
The Parties acknowledge that, on March 23, 2023, Parent received a letter from the Listing Qualifications Department of NASDAQ (the “NASDAQ Letter”) notifying it that for the last 30 consecutive business days prior to the date of the NASDAQ Letter, Parent’s Minimum Value of Listed Securities (“MVLS”) was less than $35.0 million, which does not meet the requirement for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”).
Incentive measures are to induce and assist private enterprises’ technology development activities.
On May 16, 2017, the Company issued a press release announcing that it would be unable to file its 2016 Annual Report within the 15-day extension period and the SEC staff commenced an enforcement inquiry related to the GeoInvesting Report, stating in part: Sinovac Biotech Announces Receipt of NASDAQ Letter and Delayed Filing of Annual Report on Form 20-F NEWS PROVIDED BYSinovac Biotech Co., Ltd.
By the NASDAQ Letter, NASDAQ granted the Company a financial viability exception pursuant to NASDAQ Rule 5635(f) waiving the requirement that the Company obtain stockholder approval for the consummation of the Transactions (the “NASDAQ Waiver”).
Very truly yours, [ISSUER’S COUNSEL] By: CC: [LIST NAMES OF HOLDERS] Exhibit E NASDAQ Letter Modtech Holdings Securities Purchase Agreement EXHIBIT E Illegible By Facsimile and First Class Mail August 1, 2005 Xxx Xxxxxx, Esq.
The Board of Directors of Bitstream has unanimously determined that the transactions contemplated by this Agreement are in the best interests of Bitstream and has approved such transactions and counsel to Bitstream has received a letter dated March 18, 1997 from the NASDAQ (the "NASDAQ Letter") concurring with Bitstream's position that the approval of Bitstream's Stockholders is not required under the NASDAQ Marketplace Rules to effect the transactions contemplated by this Agreement.
Agencies tend to assume that locals are at less risk but this is not necessarily the case.
The NASDAQ Letter responds by noting that its proposed rule change ‘‘does not unduly constrain competition, nor impede a free and open market and national market system.’’ 17 First, NASDAQ notes that it does not have exclusive control of the roof rights at its data center.
Accordingly, provided that the NASDAQ Letter is not withdrawn or modified, such Board of Directors' approvals are the only votes required to approve this Agreement, the Merger and the other transactions contemplated hereby.
The NASDAQ Letter states that the Company has until July 14, 2014 to submit a plan to NASDAQ to regain compliance with the NASDAQ Listing Rule.