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”).
SIFMA Letter and Angel Letter, supra note 6; NASDAQ Letter, supra note 8.
Prior to the Closing Date, (i) the Company shall have delivered to each Purchaser a copy of the NASDAQ Letter and copies of all items listed in such letter which have been delivered to the NASDAQ, which letter shall be in form and substance reasonably acceptable to the Purchasers and (ii) each of the Purchasers shall have received evidence of the satisfaction of the conditions, if any, contained in the NASDAQ Letter.
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.
Prior to the Initial Closing Date, the Company shall have delivered to each Purchaser a copy of the NASDAQ Letter and copies of all items listed in such letter which have been delivered to the NASDAQ, which letter shall be in form and substance reasonably acceptable to the Purchasers.
The Company shall have timely submitted to Nasdaq a plan to regain compliance with Nasdaq’s requirement to have a Board of Directors with at least a majority of independent directors, as required under the NASDAQ Letter dated July 21, 2016, and Nasdaq shall not have raised any objections to such plan.
The integral value in brackets defines a quantity known as the rotation measure (RM; e.g. Brown et al.
The NASDAQ Letter states that for the last 30 consecutive business days, the closing bid price per share for the Company’s common stock has been below the $1.00 minimum per share requirement for continued inclusion under NASDAQ Marketplace Rule 5550(a)(2).
Rockville, MD 20850 USA Subject: NASDAQ Letter of June 10, 2011 regarding TBUS and minimum bid price Dear Ms Hahn: DRI acknowledges that it is not in compliance with the minimum $1 bid price rule and hereby requests an additional 180 day grace period in which to achieve compliance.
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”).