Perion Regains Compliance with Nasdaq's Minimum Bid Price Requirement
05 June 2018 - 1:00AM
Business Wire
Perion Network Ltd. (NASDAQ: PERI), a global innovator in
delivering digital marketing solutions for brands that are
relentlessly focused on their consumer experience, announced it
received formal notification from The Nasdaq Stock Market that the
Company has regained compliance with the minimum bid price
requirement.
As previously disclosed, the Company was notified by Nasdaq on
March 27, 2017 that it no longer satisfied the minimum bid price
requirement for continued listing. In a letter dated May 31, 2018,
Nasdaq notified the company that it has regained compliance with
Listing Rule 5450(a)(1) and that the matter is now closed.
About Perion Network Ltd.
Perion is a global technology company that delivers advertising
solutions to brands and publishers. Perion is committed to
providing data-driven execution, from high-impact ad formats to
branded search and a unified social and mobile programmatic
platform. More information about Perion may be found at
www.perion.com
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of Perion.
The words “will”, “believe,” “expect,” “intend,” “plan,” “should”
and similar expressions are intended to identify forward-looking
statements. Such statements reflect the current views, assumptions
and expectations of Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, or financial information, including,
among others, the failure to realize the anticipated benefits of
companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we
acquire, including employee retention and customer acceptance; the
risk that such transactions will divert management and other
resources from the ongoing operations of the business or otherwise
disrupt the conduct of those businesses, potential litigation
associated with such transactions, and general risks associated
with the business of Perion including intense and frequent changes
in the markets in which the businesses operate and in general
economic and business conditions, loss of key customers,
unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various
other factors, whether referenced or not referenced in this press
release. Various other risks and uncertainties may affect Perion
and its results of operations, as described in reports filed by the
Company with the Securities and Exchange Commission from time to
time, including its annual report on Form 20-F for the year ended
March 31, 2017 filed with the SEC on March 7, 2018. Perion does not
assume any obligation to update these forward-looking
statements.
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Perion Network Ltd.Investor relationsHila Valdman+972
(73) 398-1000Investors@perion.com
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