[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.
Wegener Regains Nasdaq Compliance
ReOrbit Secures Finnish Funding for ‘OrbitCloud’ R&D Program
ReOrbit is launching a new OrbitCloud R&D program to create a space-based edge computing network, with initial funding from Business Finland of 4.6 million euro ($5.3 million). The company describes […]
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