Dynasil Regains Compliance with NASDAQ Listing Requirements
WATERTOWN, Mass., Jan. 7, 2014
WATERTOWN, Mass., Jan. 7, 2014 /PRNewswire/ --Dynasil Corporation of America
("Dynasil" or the "Company") (NASDAQ: DYSL), a developer of sensing, detection
and analysis technology for homeland security, medical and industrial
applications, announced today that it has regained compliance with the $1.00
minimum bid price requirement for continued listing on the NASDAQ Capital
As previously announced, on March 26, 2013, NASDAQ notified the Company that
the closing bid price of Dynasil's common stock had fallen below $1.00 per
share over the previous 30 consecutive business days and, as a result, the
Company was not in compliance with the minimum bid requirement.
On January 7, 2014, NASDAQ notified the Company that the closing bid price of
its common stock had been $1.00 per share or greater for 10 consecutive
business days. Accordingly, Dynasil has regained compliance and the NASDAQ
now considers the matter closed.
Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures
optical detection and analysis technology and components for the homeland
security, medical and industrial markets. Combining world-class expertise in
research and materials science with extensive experience in manufacturing and
product development, Dynasil is commercializing products including dual-mode
radiation detection solutions for Homeland Security and commercial
applications and sensors for non-destructive testing. Dynasil has an
impressive and growing portfolio of issued and pending U.S. patents. The
Company is based in Watertown, Massachusetts, with additional operations in
Mass., Minn., NY, NJ and the United Kingdom. More information about the
Company is available at www.dynasil.com.
Dynasil Corporation of America
Phone: (617) 668-6855
SOURCE Dynasil Corporation of America
Press spacebar to pause and continue. Press esc to stop.