Wave Systems Corp. (fka WAVXQ)

[TonyMcFadden]

Nasdaq Panel Approves the Continued Listing of Wave System's Common Stock on The Nasdaq Global Market
Thursday August 10, 9:34 am ET

LEE, Mass.--(BUSINESS WIRE)--Aug. 10, 2006--Wave Systems Corp. (NASDAQ: WAVX - News) announced today that it has received notification from the Listing Qualifications Panel of The Nasdaq Stock Market of the Panel's decision to continue the listing of Wave's common stock on the Nasdaq Global Market (formerly called the Nasdaq National Market). The decision followed Wave's regaining compliance with Nasdaq Marketplace Rule 4450(b)(4) which requires a minimum bid price of $1.00 per share. Wave completed a 1-for-3 reverse split of its common stock, effective close of business on July 25, 2006, which had the effect of enabling the Company to regain compliance with the $1.00 minimum bid price rule.

http://biz.yahoo.com/bw/060810/20060810005360.html?.v=1