[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
Amazon Enters D2D Market With Globalstar Acquisition and Plans for its Own System
Amazon has planted its flag in the direct-to-device (D2D) landscape with a deal to acquire Globalstar and deploy its own D2D satellite system. Amazon will acquire Globalstar under a roughly […]
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Government/MilitaryUS Officials See Proposed European Union Space Act as Complicated Overreach
