Wednesday, January 6, 2010

RF Monolithics Regains Nasdaq Compliance

Dallas-based RF Monolithics, a developer of wireless communications products for the machine-to-machine (M2M) market, announced this morning that the firm has regained Nasdaq compliance. The firm, which had been on warning for failing to meet minimum closing bid price on its shares, said that it has received a letter from the Nasdaq confirming that it has regained compliance with the Nasdaq's $1.00 minimum closing bid price rule. The firm had received a warning on the bid price earlier, the first step in possible delisting. The firm said it will continue to be traded on the Nasdaq Capital Market as RFMI and the matter is now closed.