Ability Inc. Regains Compliance With Nasdaq Minimum Shareholders’ Equity Requirement
ABILITY INC ORDINARY SHARES (ABIL)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/ability-inc-reports-third-quarter-financial-results-300362843.html
Company Research
Source: GlobeNewswire
TEL AVIV, ISRAEL, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ: ABIL) (the “Company”), which provides innovative tactical communications intelligence solutions, today announced that, on December 11, 2018, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum shareholders’ equity requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(1). As previously reported, on September 17, 2018, the Nasdaq Listing Qualifications Panel (the “Panel”) determined to continue the listing of the Company’s ordinary shares on Nasdaq, subject to the Company having, on or before November 30, 2018, completed its compliance plan and regained compliance with the minimum shareholders’ equity requirement and demonstrated to the satisfaction of the Panel that it can maintain compliance over the coming year. The Company had until November 30, 2018 to demonstrate
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