Aehr Test Systems Regains Compliance With NASDAQ Minimum Bid Price Rule
Aehr Test Systems (Nasdaq: AEHR) today announced that it has received a letter dated April 17, 2012 from the NASDAQ Stock Market, confirming that the Company has regained compliance with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ Capital Market under Listing Rule 5550(a)(2).
Pursuant to NASDAQ's rules, the Company was required to achieve a closing bid price of at least $1.00 per share for 10 consecutive trading days. The Company completed the requirement on April 16, 2012, and the Company believes it currently meets all requirements for continued listing on the NASDAQ Capital Market. The Company's shares continue to be listed on the NASDAQ Capital Market and its ticker symbol of "AEHR" remains unchanged.
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