Wave Systems Corp. (fka WAVXQ)

[StocWatcher]

zen - "Earlier this month, Wave received notice that a Nasdaq Listing Qualifications Panel (the "Panel") granted Wave's request for continued listing on the Nasdaq Global Market, subject to implementing the reverse stock split and meeting certain other conditions. On or before August 8, 2006, Wave's minimum closing bid price must be at least $1 for a minimum period of 10 consecutive trading days. The Panel has reserved the right to extend the period of consecutive trading days or impose other conditions if, during the 10 day period (or longer period, if extended), the Panel determines that such conditions are required to demonstrate that Wave is able to maintain long-term compliance with the minimum bid price and other listing requirements. The Panel has also reserved the right to reconsider the terms of Wave's continued listing based on other developments that would make continued listing inadvisable or unwarranted."