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News Breaks | | | | November 29, 2012 | | 17:42 EDT |  | RNIN | Wireless Ronin receives favorable decision from NASDAQ
Wireless Ronin announced that it has received the decision of the Hearings Panel of The NASDAQ Stock Market, notifying the company that it has granted the company's request for continued listing of its common stock, subject to certain conditions. The decision followed the company's failure to comply with the minimum bid price requirement for continued listing set forth in NASDAQ Listing Rule 5550(a)(2) and the company's appeal to the Hearings Panel of the staff's determination to delist. In accordance with the Hearings Panel's decision, on or before December 31, the company must evidence a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. | |
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