SPY328.73+5.23 1.62%
DIA271.70+3.60 1.34%
IXIC10,913.56+241.30 2.26%

Aemetis Regains Compliance With NASDAQ Listing Requirements

CUPERTINO, CA, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Aemetis, Inc.(NASDAQ:AMTX) announced it received a letter from The NASDAQ Stock Market ("NASDAQ") on August 11, 2020, which contained a

Benzinga · 08/18/2020 11:31

CUPERTINO, CA, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Aemetis, Inc.(NASDAQ:AMTX) announced it received a letter from The NASDAQ Stock Market ("NASDAQ") on August 11, 2020, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5450(b)(2)(C), which requires that listed securities maintain a minimum market value of publicly held shares of the Company's common stock equal to or in excess of the $15,000,000 minimum. On August 12, 2020, Aemetis received a letter from NASDAQ confirming compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a closing bid price equal to or in excess of $1.00 per share.

The NASDAQ letters noted that the Company's common stock has maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days as well as a minimum market value of publicly held shares of the Company's common stock equal to or in excess of the $15,000,000 minimum for 10 consecutive trading days, enabling the Company to regain compliance with both NASDAQ Listing Rule 5450(a)(1) and 5450(b)(2)(C). Consequently, NASDAQ confirmed that both matters are now closed.