- Ultra-rugged mobile devices provider Sonim Technologies ( NASDAQ: SONM ) received an extension of 180 days, until February 13, 2023, on the deadline to regain compliance with the Nasdaq minimum bid price requirement for continued listing.
- The company was previously expected to regain compliance by Aug. 15.
- The company has written to Nasdaq that it will, if necessary, implement available options to regain compliance with the requirement, including a reverse stock split.
- Also, the stock exchange has approved SONM's application to transfer its stock from the Nasdaq Global Market to the Nasdaq Capital Market.
- Shares were trading +0.47% post-market.
- Source: Press Release
For further details see:
Sonim Technologies receives extension on deadline to comply with Nasdaq minimum bid price requirement