MoSys Regains Compliance with NASDAQ Bid Price Listing Requirement
September 12 2019 - 4:05PM
MoSys, Inc. (NASDAQ: MOSY), a provider of semiconductor solutions
that enable fast, intelligent data access for cloud networking,
security, test and video 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 September 12, 2019, 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 in the data center,
networking, security and communications systems markets to address
the continual increase in Internet users, data and services. More
information is available at: www.mosys.com.
MoSys is a registered trademark of MoSys, Inc.
in the US and/or other countries. The MoSys logo is a trademark of
MoSys, Inc. All other marks mentioned herein are the property of
their respective owners.
Contacts:Jim Sullivan,
CFOMoSys, Inc.+1 (408) 418-7500jsullivan@mosys.com
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