MoSys Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement
March 07 2017 - 9:00AM
MoSys, Inc. (NASDAQ:MOSY), a leader in semiconductor solutions that
enable fast, intelligent data access for Cloud, network and
communications systems, today announced that it has received a
letter from The NASDAQ Stock Market LLC (“Nasdaq”) notifying the
Company that it has regained compliance with the Nasdaq Capital
Market's minimum bid price continued listing requirement. The
letter noted that, as of March 2, 2017, the Company evidenced a
closing bid price of its common stock in excess of the $1.00
minimum requirement for the last 10 consecutive trading days.
Accordingly, the Company has regained compliance with Nasdaq
Marketplace Rule 5550(a)(2) and NASDAQ considers the matter closed.
About MoSys, Inc.MoSys, Inc.
(NASDAQ:MOSY) is a fabless semiconductor company enabling leading
equipment manufacturers of Cloud, networking, communications, and
data center systems to address the continual increase in Internet
users, data and services. The company's solutions deliver data path
connectivity, speed and intelligence while eliminating data access
bottlenecks on line cards and systems scaling from 100G to
multi-terabits per second. Engineered and built for
high-reliability carrier and enterprise applications, MoSys'
Bandwidth Engine®, Programmable Search Engine, and LineSpeed™ IC
product families are based on the company's patented
high-performance, high-density intelligent access and high-speed
serial interface technology, and utilize the company's highly
efficient GigaChip® Interface. MoSys is headquartered in Santa
Clara, California. More information is available at
www.mosys.com.
Bandwidth Engine, GigaChip, and MoSys are
registered trademarks of MoSys, Inc. in the US and/or other
countries. LineSpeed and the MoSys logo are trademarks of MoSys,
Inc. All other marks mentioned herein are the property of their
respective owners.
Contacts:
Jim Sullivan, CFO
MoSys, Inc.
+1 (408) 418-7500
jsullivan@mosys.com
Beverly Twing, Sr. Acct. Manager
Shelton Group, Investor Relations
+1 (214) 272-0089
btwing@sheltongroup.com
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