ViryaNet, a Southboro-based software developer, has regained compliance with Nasdaq, satisfying the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
After receiving a third notice from Nasdaq warning the company that it faced delisting, ViryaNet met with the exchange earlier this month to discuss how it would reach the minimum equity requirement for continued listing. (Read “ViryaNet faces delisting”, WBJ Daily Report, 12/14/06)
To regain compliance, the company’s Ordinary Shares recently achieved a minimum bid price of $1.00 or higher for at least 10 consecutive business days.
For more info on area firms facing stock market woes, see reporter Ken St. Onge’s story: “Pandora’s Market” (WBJ, 10/2/06)
