Ability Inc. Announces Receipt of Nasdaq Letter
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, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Ability Inc. (NASDAQ:ABIL) (the “Company”), a leading provider of innovative tactical communications intelligence solutions, today announced that it received notification from the Listing Qualifications Department of The Nasdaq Stock Market (the “Staff”) that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1) due to the Company’s failure to maintain a minimum of $2,500,000 in shareholders’ equity (the “Minimum Shareholders’ Equity Requirement”) or any alternatives to such requirement. Nasdaq’s notice has no immediate effect on the listing of the Company’s ordinary shares on The Nasdaq Capital Market. Nasdaq has provided the Company with 45 days, or until February 26, 2018, to submit to Nasdaq a plan to regain compliance with the Minimum Shareholders’ Equity Requirement. If Nasdaq accepts the Company’s plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the notice, or until July 11, 201
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