Calamp (CAMP) has released an update.
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CalAmp Corp. has regained compliance with Nasdaq’s minimum bid price requirement, addressing a previous deficiency notice. However, the company still faces a challenge with Nasdaq’s stockholders’ equity requirement and must submit a plan to rectify this by March 4, 2024. Amidst these compliance efforts, the company’s forward-looking statements in its reports suggest cautious optimism but acknowledge risks, including economic conditions, market competition, and the ongoing COVID-19 pandemic.
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