GigaMedia Regains Compliance with NASDAQ Listing Rules

GigaMedia Limited

announced today that it has received a letter from The NASDAQ Stock Market stating that the company has regained compliance with NASDAQ's minimum bid price listing requirements. The letter received from NASDAQ notes that for 10 consecutive business days, from January 26, 2012 to February 8, 2012, the closing bid price of GigaMedia's ordinary shares was US$1.00 or greater and states, "Accordingly, the company has regained compliance with listing rule 5450(a)(1) and this matter is now closed."