Molecular Templates Inc (MTEM)

[Steve1HD1]

THLD $ remains on Nasdaq! Requirements are met by changes in equity!

Good NEWS Fill Date: March 16, 2016 corrected

As previously reported, on February 10, 2016, the Company received a notice from the staff (the “Staff”) of The NASDAQ Stock Market LLC (“Nasdaq”) stating that, for the previous 30 consecutive business days, the minimum Market Value of Listed Securities (MVLS) for the Common Stock was below the $35 million minimum MVLS requirement for continued listing on The NASDAQ Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MLVS Rule”). The Staff also notified the Company at that time that the Company did not meet the requirements for listing under Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) or Nasdaq Listing Rule 5550(b)(3) (the “Net Income Rule” and together with the MLVS Rule and the Equity Rule, the “Rules”). As a result, the Staff notified the Company that a deficiency exists with regard to the continued listing of the Common Stock under the Rules. However, on March 14, 2016, the Company received written notice from the Staff that, based on the Company’s Form 10-K for the fiscal year ended December 31, 2015 filed on March 10, 2016 evidencing stockholders’ equity of $40,846,000, the Staff has determined that the Company complies with the Rules and that this matter is now closed. The February 10, 2016 notification from the Staff has no effect on the Company’s previously reported non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”), and the Company continues to consider options available to it to potentially achieve compliance with the Bid Price Rule

>http://investor.thresholdpharm.com/secfiling.cfm?filingID=1144204-16-88668&CIK=1183765