Ability Regains Compliance with Nasdaq Listing Rules

Ability, a provider of innovative tactical communications intelligence solutions, said pre-market Tuesday that it received notification from the listing qualifications department of the Nasdaq Stock Market that it has regained compliance with listing rules.

On June 6, the Nasdaq staff notified Ability that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the listing rules. Since then, the Nasdaq staff has determined that for at least the last 10 consecutive business days, from June 8 to 22, the closing bid price of the company’s common stock has been at $1.00 per share or greater. Accordingly, the Nasdaq staff notified the company that it has regained compliance with listing rules and that the matter is now closed.

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