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Dataram Regains Once More Compliance with Nasdaq

For minimum bid price

Dataram Corporation has received formal notification from the Listing Qualifications Department of The NASDAQ Stock Market notifying Dataram the company has regained compliance with Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on The NASDAQ Stock Market, and that the matter is now closed. 

Dataram’s common stock will continue to be listed on The NASDAQ Capital Market.

On January 27, 2016, NASDAQ notified the company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by NASDAQ’s Listing Rules. On July 11, 2016, Dataram effected a one for three (1 for 3) reverse split of its outstanding common stock in order to increase its stock price to above the required $1 per share, which was effective with NASDAQ at the open of trading on July 11, 2016. Since then, NASDAQ has determined that for the 10 consecutive business days from July 11, 2016 to July 25, 2016, the closing bid price of the company’s common stock has been at $1.00 per share or greater. On July 26, 2016, NASDAQ provided confirmation to Dataram of the foregoing and that the company has regained compliance with Listing Rule 5550(a)(2).

Dataram’s common stock trades on The NASDAQ Capital Market under the symbol DRAM.

We are very pleased to have regained compliance with NASDAQ’s listing rules,” said Dave Moylan, chairman and CEO. “Maintaining our NASDAQ listing is vital to our company, our shareholders and customers as we continue to execute our plan to transform Dataram. We believe our shareholders will benefit from the enhanced liquidity provided by the listing of the company’s shares on The NASDAQ Capital Market.

Read also:
Dataram Regains Compliance for Continued Listing on Nasdaq
With minimum $2.5 million stockholders equity requirement
2014.12.04 | Press Release
Dataram Could to Be Delisted From Nasdaq
Being non-compliance with minimum $2,500,000 stockholders’ equity requirement
2014.09.16 | Press Release
Dataram Regains Compliance With Nasdaq Listing Requirements
Common stock above $1 minimum level for ten consecutive trading days
2013.04.11 | Press Release

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