Thursday, September 1, 2016
Smith Micro Dodges Delisting, Regains NASDAQ Compliance
Aliso Viejo-based Smith Micro Software, which develops software for wireless servie providers and others, said it has regained compliance with listing requirements for the NASDAQ Stock Market. The company had been warned in September of 2015 about failure to meed the minimum bid price requirement for the NASDAQ Global Market, and since then has been working with the NASDAQ to remedy the issue. Those moves included a shift to the NASDAQ Stock Market in March. The NASDAQ Stock Market is less strict in its listing requirements than the NASDAQ Global Market. Smith Micro said that it received a letter from the Nasdaq on August 31st saying it is now compliance with listing rules, and the matter is now closed. Smith Micro trades on the NASDAQ Stock Market as SMSI.