Ondas regains compliance with Nasdaq

Ondas (ONDS) announced it has received a notification letter from Nasdaq confirming that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). To regain compliance with the rule, the company’s common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on June 10. Therefore, Nasdaq considers the prior bid price deficiency matter now closed. Ondas is now in full compliance with all Nasdaq continued listing requirements and will continue to be listed and traded on Nasdaq.