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Stock impact report

WiSA Technologies Regains Compliance with Nasdaq Continued Listing Requirements

WiSA Technologies, Inc. (WISA) 
Company Research Source: Business Wire
BEAVERTON, Ore.--(BUSINESS WIRE)--WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial audio wireless technology for smart devices and next-generation home entertainment systems, announced today that it is now in compliance with all Nasdaq continued listing requirements.As previously announced, on June 23, 2022, the Nasdaq Listing Qualifications staff (“Staff”) issued the Company a delist letter citing its failure to comply with the minimum bid price requirement under Listing Rule 5550(a)(2). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided a compliance period of 180 calendar days, which was subsequently extended until June 20, 2023, to regain compliance with Listing Rule 5550(a)(2). On January 18, 2023, however, Staff issued a delist letter as it had determined that Company’s stock had a closing bid price of $0.10 for 10 consecutive trading days, and therefore did not comply with the low-priced stocks rule for listing on The Nasda Show less Read more
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