Teligent Regains Compliance with NASDAQ Listing Requirements

Rhea-AI Summary

Teligent, Inc. (NASDAQ: TLGT) announced on June 22, 2020, that it has regained compliance with NASDAQ Listing Rule 5450(a)(1), which mandates a minimum bid price of $1.00 per share. This determination comes after the company maintained a closing bid price of at least $1.00 for 10 consecutive business days, following a previous non-compliance notice received on June 5, 2019. Teligent aims to lead the specialty generic prescription drug market.

Positive

• Regained compliance with NASDAQ Listing Rule 5450(a)(1) on June 18, 2020.
• Maintained a closing bid price of $1.00 or greater for 10 consecutive business days.

Negative

• Previously received a non-compliance notice from NASDAQ on June 5, 2019.

BUENA, N.J., June 22, 2020 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ: TLGT) (“Teligent” or the “Company”), a New Jersey-based specialty generic pharmaceutical company, announced today that it received notice from The NASDAQ Stock Market LLC (“NASDAQ”) on June 18, 2020 indicating that the Company has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires the Company’s common stock to maintain a minimum bid price of $1.00 per share. The NASDAQ staff made this determination of compliance after the closing bid price of the Company’s common stock was at $1.00 per share or greater for the prior 10 consecutive business days.

NASDAQ had previously notified the Company of its non-compliance with NASDAQ Listing Rule 5450(a)(1) on June 5, 2019, following 30 consecutive business days for which the closing bid price of the Company’s common stock did not meet the $1.00 per share minimum requirement. 

About Teligent, Inc.

Teligent is a specialty generic pharmaceutical company. Our mission is to be a leading player in the specialty generic prescription drug market. Learn more on our website www.teligent.com. 

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10%; width:10%; min-width:10%;"> Contact:

90%; width:90%; min-width:90%;">Damian Finio Teligent, Inc. (856) 336-9117 www.teligent.com

FAQ

What does Teligent's compliance with NASDAQ Listing Rule 5450(a)(1) mean for TLGT?

Teligent has met the requirement of maintaining a minimum bid price of $1.00 per share, allowing its stock to continue trading on NASDAQ.

When did Teligent regain compliance with NASDAQ?

Teligent regained compliance on June 18, 2020.

What was the previous non-compliance issue for Teligent?

Teligent was previously non-compliant with NASDAQ Listing Rule 5450(a)(1) for 30 consecutive business days before receiving a notice on June 5, 2019.

What is Teligent's stock symbol?

Teligent's stock symbol is TLGT.