MTS Announces Receipt of NASDAQ Delisting Notice
MER Telemgmt (MTSL)
US:NASDAQ Investor Relations:
mtsint.com/investor-relations
Company Research
Source: PR Newswire
RA'ANANA, Israel, May 8, 2019 /PRNewswire/ -- MTS - Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider of telecommunications expense management (TEM) and enterprise mobility management (EMM) solutions, announced today that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("NASDAQ") on May 7, 2019 (the "Letter"), informing the Company that it no longer complies with the minimum $2,500,000 stockholders' equity requirement for continued listing as set forth in NASDAQ Listing Rule 5550(b)(1). As previously disclosed, on May 7, 2018 the Company received a NASDAQ Staff Determination letter indicating that the it had failed to comply with the continued listing requirement that it maintain either a minimum of $2,500,000 in stockholders' equity, or $35,000,000 market value of listed securities, or $500,000 of net income from continuing operations for the most recently completed fiscal year, or two of the three most rece
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