MagneGas Receives Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement
MAGNEGAS (MNGA)
Last magnegas earnings: 11/14 08:00 am
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Source: GlobeNewswire
TAMPA, Fla., Nov. 07, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced that the NASDAQ Listing Qualifications Staff has granted the Company’s request for an additional 180-day period, or until May 6, 2019, to regain compliance with the minimum $1.00 bid price per share requirement. Scott Mahoney, Chief Executive Officer (CEO) of MagneGas, stated, “We are pleased to receive an extension from NASDAQ as we advance our commercial strategy and corporate restructuring we recently announced. We remain confident in regaining compliance and I look forward to expanding on our business and capital markets strategy further during management’s next quarterly earnings conference call.” The NASDAQ Listing Qualifications Staff’s determination to grant the additional 180-day compliance period was based on the Company
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