The Company also announced that, on January 17, 2018, it received a determination from the NASDAQ Listing Qualifications Panel (the “Panel”) indicating that the Panel has granted the Company’s request to transfer its listing from The Nasdaq Global Market to The Nasdaq Capital Market, and to continue the Company’s listing on that market, provided that on or before February 2, 2018 the Company has demonstrated a closing bid price of $1.00 or more for a minimum of ten prior consecutive trading days and that on or before April 24, 2018 the Company has satisfied the $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market and demonstrated to the Panel that it can sustain compliance with such stockholders’ equity requirement through the end of fiscal 2018, among other actions, and provided further that the Company otherwise continues to meet the continued listing requirements of The Nasdaq Capital Market. The Company’s common stock will begin trading on The Nasdaq Capital Market effective with the open of business on Friday, January 19, 2018. The Company’s common stock will continue to trade under the symbol ARGS.
