HACKENSACK, N.J.-GoAmerica Inc. said it recently received a temporary exception notice to the $1 minimum closing bid price per share requirement for continued listing on the Nasdaq SmallCap Market. The company appealed a late August determination that the company’s stock be delisted for failure to maintain the minimum bid price.
A Nasdaq panel provided additional time for compliance by GoAmerica with the regulation because the company is in compliance with all other Nasdaq listing requirements and to allow for future developments in the Securities and Exchange Commission’s rulemaking process regarding Nasdaq’s proposal to change its minimum bid price rules. If modifications recently proposed by Nasdaq to its minimum bid price requirements are adopted, GoAmerica would have additional time to comply with the minimum bid price requirement.
GoAmerica also said its annual stockholders meeting will be Dec. 19.
