Monday, December 8, 2008

RF Monolithics Gets NASDAQ Warning

Dallas-based wireless hardware firm RF Monolithics said late Friday that the firm has received a warning from the NASDAQ, saying that the firm is not in compliance with listing rules. According to RF Monolithics, it received a Deficiency Notice from the NASDAQ, because the firm did not meet the minimum $10M in stockholder equity required for continued listing on the exchange. The warning comes after an earlier warning from the NASDAQ over the firm's minimum closing bid price. RF Monolithics said that it is "considering various options to regain and maintain compliance," including an appeal to the NASDAQ Listing Qualifications panel or move to the NASDAQ Capital Market, which has less stringent listing requirements to the NASDAQ's flagships NASDAQ Global Market.