Ability Inc. Announces Receipt of a Notification from NASDAQ Regarding Deficiencies in Compliance with Certain Listing Rules
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: PR Newswire
TEL AVIV, Israel, April 26, 2017 /PRNewswire/ -- Ability Inc. (NASDAQ: ABIL) (the "Company"), a leading provider of innovative tactical communications intelligence solutions, today announced that on April 19, 2017 it received notification from the Nasdaq Listings Qualifications Department of the Nasdaq Capital Market ("NASDAQ") that as a result of the recent resignation of all of the Company's independent directors from the Company's board of directors, as the Company previously announced on April 10, 2017, the Company is no longer in compliance with NASDAQ Listing Rules 5605(b)(1), 5605(c)(2), 5605(d)(2) and 5605(e) (collectively, the "Rules"), as the Company's board of directors is no longer comprised of a majority of independent directors nor does it have an audit committee, compensation committee or nominating committee. The Company has until May 3, 2017, a period shorter than normal, to submit a plan to regain compliance with the above listing rules, and if such plan is accepted
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