InfoSonics Regains Compliance with NASDAQ Rule 5550(a)(2), $1.00 Minimum Bid Requirement
October 26 2017 - 9:00AM
PR Newswire (US)
SAN DIEGO, Oct. 26, 2017 /PRNewswire/ -- InfoSonics
Corporation (NASDAQ: IFON) today announced that on October
25, 2017 it received notification from the NASDAQ Stock Market
indicating that the Company has regained compliance with NASDAQ
Rule 5550(a)(2) in that the Company's closing bid price has been at
$1.00 per share or greater for at
least 10 consecutive business days. The notification stated
that the matter of the deficiency, which arose as of May 2, 2017, is now closed and the Company's
stock will continue to be listed and trade on The Nasdaq Capital
Market.
About InfoSonics Corporation
InfoSonics is a San Diego-based
manufacturer and provider of wireless handsets, tablets and related
products to carriers, distributors and retailers in Latin America under the verykool®
brand. The company is committed to delivering quality
products with innovative designs that appeal to consumers and offer
exceptional value. Additional information can be found on our
corporate website at www.infosonics.com and www.verykool.net.
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SOURCE InfoSonics Corporation
Copyright 2017 PR Newswire
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