Microvision Inc (MVIS)

[The Wings Of Man]

MicroVision Regains Compliance with Nasdaq Market Value Listing Requirement
8:30 AM ET 5/27/20 | Dow Jones

MicroVision Regains Compliance with Nasdaq Market Value Listing Requirement

REDMOND, Wash., May 27, 2020 (GLOBE NEWSWIRE) -- MicroVision, Inc. (Nasdaq:MVIS) announced that it has received a letter from Nasdaq on May 26, 2020 confirming that as of May 22, 2020 the company has regained compliance with Nasdaq's market value listing requirement.

MicroVision was notified on April 8, 2020 that it had failed to meet the market value requirement under Nasdaq Stock Market Listing Rule 5450(b)(2)(A). MicroVision was notified today that it is now in compliance with the rule and that Nasdaq considers the matter closed.

As previously announced, the company is not currently in compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Global Market pursuant to Nasdaq's listing requirements and has until August 24, 2020 to regain compliance with this requirement. The failure to regain compliance with the minimum bid price requirement prior to the deadline may cause the company's securities to be subject to delisting.

The company is monitoring the bid price of its listed common stock. The company continues to execute its business plan and will consider other actions that it may take in order to regain compliance with the listing requirements.