ParkerVision Receives NASDAQ Notice of Minimum Bid Price Non-Compliance
ParkerVision, Inc. (Nasdaq: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced today that on November 2, 2011 it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that, for the last 30 consecutive business days, the closing bid price for the Company's common stock had been below the minimum of $1.00 per share required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5500(a)(2).
The notification letter stated that the Company would be afforded 180 calendar days, or until April 30, 2012, to regain compliance with the minimum bid price requirement. In order to regain compliance, the bid price for shares of the Company's common stock must close at $1.00 per share or more for a minimum of ten consecutive business days.
