MicroVision Receives NASDAQ Global Market Listing Deficiency Notice
REDMOND, Wash., Oct 28, 2011 (BUSINESS WIRE) -- MicroVision, Inc. (MVIS)
announced today that it received a notice on October 26, 2011 from The NASDAQ
Stock Market advising the company that for 30 consecutive trading days preceding
the date of the notice, the bid price of the company's common stock had closed
below the $1.00 per share minimum required for continued listing on The NASDAQ
Global Market pursuant to NASDAQ's listing requirements. In accordance with
NASDAQ's listing rules, the company has 180 calendar days, or until April 23,
2012, to regain compliance with this requirement. This notification is simply a
notice of deficiency, not of imminent delisting, and has no current effect on the
listing or trading of MicroVision's common stock on The Nasdaq Global Market at
this time.
During the 180-day compliance period, MicroVision can regain compliance if the
bid price of its common stock closes at $1.00 or higher for a minimum of ten
consecutive business days. If the company does not regain compliance by April 23,
2012, NASDAQ will notify the company that its securities are subject to
delisting.
The company is monitoring the bid price for its common stock. The company
continues to execute its business plan and will consider other actions that it
may take in order to regain compliance with the listing requirements.
About MicroVision
MicroVision provides the PicoP(R) display technology platform designed to enable
next-generation display and imaging products for pico projectors, vehicle
displays and wearable displays that interface with mobile devices. The company's
projection display engine uses highly efficient laser light sources that create
vivid images with high contrast and brightness. For more information, visit us
on:
Website: microvision.com 
Blog: microvision.com
Twitter: twitter.com
Facebook: facebook.com
YouTube: youtube.com
Forward-looking Statements |
