USA: Aehr Test Systems has received notification from the NASDAQ Stock Market LLC that the company has regained compliance with the $1 minimum closing bid price requirement for continued listing on the NASDAQ Capital Market.
As previously announced, NASDAQ notified the company on December 26, 2012 that the bid price of the company's common stock had closed below the minimum $1 per share requirement over the previous 30 consecutive business days and, as a result, the company was not in compliance with Listing Rule 5550(a)(2).
Aehr was provided 180 calendar days in which to gain compliance. In a letter dated April 4, 2013, NASDAQ informed Aehr Test that it had determined for the last 10 consecutive business days, from March 20, 2013 to April 3, 2013, the closing bid price of the company's common stock has been $1 or greater. Accordingly the Company has regained compliance with NASDAQ Listing Rules 5550(a)(2) and this matter is now closed.