Wednesday, March 10, 2010

Valence Gets NASDAQ Warning

Austin-based Valence Technology, a developer of energy storage products, said late Tuesday that the firm has received a notice from the NASDAQ Stock Market. Valence said the NASDAQ indicated that the firm is not in compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market. Valence said it has 180 calendar days to regain compliance, with additional 180 calendar day grace periods if the firm otherwise meets listing criteria.