Wearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule
Wearable Devices (Nasdaq: WLDS) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq confirming compliance with Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. This compliance was achieved after the company's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. The previous bid price deficiency matter has been closed by Nasdaq.
I dispositivi indossabili (Nasdaq: WLDS) hanno annunciato di aver riacquisito la conformità con il requisito di prezzo minimo delle azioni di Nasdaq. L'azienda ha ricevuto una comunicazione scritta da Nasdaq che conferma la conformità con la Regola 5550(a)(2), che richiede ai titoli quotati di mantenere un prezzo minimo di offerta di $1,00 per azione. Questa conformità è stata raggiunta dopo che le azioni ordinarie della società hanno mantenuto un prezzo di offerta di chiusura pari o superiore a $1,00 per 10 giorni lavorativi consecutivi. La questione precedente relativa al prezzo di offerta è stata chiusa da Nasdaq.
Wearable Devices (Nasdaq: WLDS) ha anunciado que ha recuperado la conformidad con el requisito de precio mínimo por acción de Nasdaq. La compañía recibió un aviso por escrito de Nasdaq confirmando la conformidad con la Regla 5550(a)(2), que exige que los valores cotizados mantengan un precio mínimo de oferta de $1.00 por acción. Esta conformidad se logró después de que las acciones ordinarias de la compañía mantuvieron un precio de oferta de cierre en o por encima de $1.00 durante 10 días hábiles consecutivos. La cuestión anterior sobre la deficiencia en el precio de oferta ha sido cerrada por Nasdaq.
웨어러블 디바이스(Nasdaq: WLDS)는 나스닥의 최소 매도 가격 요건을 재확인했다고 발표했습니다. 회사는 나스닥으로부터 5550(a)(2) 규칙 준수를 확인하는 서면 통지를 받았습니다. 이 규칙은 상장된 증권이 주당 최소 매도 가격을 $1.00 이상 유지해야 함을 요구합니다. 회사의 보통주가 10일 연속 영업일 동안 $1.00 이상의 종가를 유지한 후 이 규정을 준수하게 되었습니다. 이전의 매도 가격 결함 문제는 나스닥에 의해 종료되었습니다.
Wearable Devices (Nasdaq: WLDS) a annoncé qu'elle a récupéré la conformité avec l'exigence de prix d'offre minimum de Nasdaq. La société a reçu un avis écrit de Nasdaq confirmant la conformité avec la règle 5550(a)(2), qui exige que les titres cotés maintiennent un prix d'offre minimum de 1,00 $ par action. Cette conformité a été atteinte après que les actions ordinaires de l'entreprise ont maintenu un prix d'offre de clôture à 1,00 $ ou plus pendant 10 jours ouvrables consécutifs. La question précédente concernant la déficience de prix a été clos par Nasdaq.
Wearable Devices (Nasdaq: WLDS) hat bekannt gegeben, dass es die Einhaltung der Mindestangebotspreisanforderung von Nasdaq wiedererlangt hat. Das Unternehmen erhielt eine schriftliche Mitteilung von Nasdaq, die die Einhaltung der Regel 5550(a)(2) bestätigt, die verlangt, dass gelistete Wertpapiere einen Mindestangebotspreis von $1,00 pro Aktie aufrechterhalten. Diese Einhaltung wurde erreicht, nachdem die Stammaktien des Unternehmens einen Schlusskurs von $1,00 oder mehr für 10 aufeinanderfolgende Geschäftstage beibehalten haben. Das vorherige Problem mit der Preisdefizienz wurde von Nasdaq geschlossen.
- Regained Nasdaq listing compliance, eliminating immediate delisting risk
- Stock price maintained above $1.00 for 10 consecutive business days
- Previous trading below $1.00 indicates recent market weakness
Insights
Regaining Nasdaq compliance removes a significant risk factor for WLDS by preventing potential delisting. However, this development alone doesn't address fundamental business performance or growth prospects. The micro-cap company (
The compliance achievement through maintaining
YOKNEAM ILLIT, ISRAEL, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced that it has received a written notice from Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of
The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s ordinary shares was at
About Wearable Devices Ltd.
Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices Is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq market under the symbols “WLDS” and “WLDSW”, respectively.
Investor Relations Contact
Walter Frank
IMS Investor Relations
203.972.9200
wearablesdevices@imsinvestorrelations.com
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