Sonic Foundry Regains Compliance with Nasdaq Listing Rules
November 30 2017 - 4:05PM
Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted global leader for
video creation and management solutions, today announces that it
has received written confirmation from Nasdaq that the Company has
regained compliance with Nasdaq Listing Rule 5640, the Voting
Rights Rule, and Nasdaq Listing Rule 5635(c), the Equity
Compensation Rule. Sonic Foundry had been reviewing the
details surrounding the sale of preferred stock during the last few
months of fiscal 2017 with Nasdaq. Nasdaq had determined the sale
did not comply with certain of its listing rules. Sonic Foundry has
regained compliance with the applicable listing standards, and
Nasdaq considers the matter closed.
About Sonic Foundry®, Inc.
Sonic Foundry (NASDAQ:SOFO) is the global leader for video
capture, management and streaming solutions. Trusted by more than
4,300 educational institutions, corporations, health organizations
and government entities in 65 countries, its Mediasite Video
Platform quickly and cost-effectively automates the capture,
management, delivery and search of live and on-demand streaming
videos. Leading research firms Aragon, Forrester, Wainhouse and
Frost & Sullivan recognize Sonic Foundry as a leader in
enterprise video, webcasting and lecture capture. Learn more
at www.sonicfoundry.com and @mediasite.
© 2017 Sonic Foundry, Inc. Product and service names mentioned
herein are the trademarks of Sonic Foundry, Inc. or their
respective owners.
Attachments:
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/5fd95521-e098-46d9-be69-f26b4ffa7d9a
Nicole Wise, Director of Communications
Sonic Foundry
920.226.0269
nicolew@sonicfoundry.com
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