Wegener Regains Nasdaq Compliance

By | May 6, 2008 | ST Briefs, Telecom

[Satellite Today – 5-6-08] Wegener Corp. is in compliance with the Nasdaq Stock Market’s minimum bid price requirement and will remain listed, the company announced May 5.
    The company received a notice from Nasdaq May 5 stating that because the closing bid price of its common stock has been at $1 per share or greater for at least 10 consecutive business days, the company has regained compliance.  
    According to Nasdaq, delisting can make it more difficult for a company to raise money and can sometimes be a first step towards bankruptcy.

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