Westell Technologies Regains Compliance with NASDAQ Listing Requirements
31 July 2020 - 11:05PM
Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of
high-performance network infrastructure solutions, today announced
that on July 28, the Company received a letter from the Listing
Qualifications Department of The NASDAQ Stock Market indicating
that it has regained compliance with the $1.00 minimum bid price
requirement for continued listing on The NASDAQ Capital Market
under Listing Rule 5550(a)(2). The Company regained
compliance with the NASDAQ's requirements when the closing bid
price for the Company's common stock was at or above $1.00 for ten
consecutive business days.
Additionally, the Company announced that it decided to forego
the quarterly investor call that would have been scheduled in
August 2020 in light of the proposed reverse/forward stock split
transaction. Results for the quarter ended June 30, 2020 will be
reported a separate press release that is expected to be issued on
or about August 14, 2020.
About Westell
Westell is a leading provider of high-performance network
infrastructure solutions focused on innovation and differentiation
at the edge of communication networks where end users
connect. The Company's portfolio of products and solutions
enable service providers and network operators to improve
performance and reduce operating expenses. With millions of
products successfully deployed worldwide, Westell is a trusted
partner for transforming networks into high-quality reliable
systems. For more information, please visit www.westell.com.
For additional information, contact:
Tim Duitsman
Chief Executive Officer Westell Technologies, Inc. +1 (630) 898
2500tduitsman@westell.com |
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