Wednesday, April 21, 2010

Valence Regains NASDAQ Compliance

Austin-based Valence Technology, a developer of energy storage systems, said today that it has regained compliance with the NASDAQ's Minimum Bid Price Requirements. The firm has been under warning since March 8th after its stock price fell under the $1.00 minimum bid price requimrents for the NASDAQ Capital Market. The firm said the warning was lifted after the NASDAQ confirmed that the closing bid price of the company's common stock was greater than $1.00 per share for the 10 consecutive business days.