UTStarcom Regains NASDAQ Listing Compliance
On July 15, 2022, UTStarcom (NASDAQ: UTSI) announced that it has regained compliance with NASDAQ's Listing Rule 5450(a)(1).
Rhea-AI Summary
On July 15, 2022, UTStarcom (NASDAQ: UTSI) announced that it has regained compliance with NASDAQ's Listing Rule 5450(a)(1). The company achieved this status as its common stock's closing bid price has remained at $1.00 per share or greater for the last 10 consecutive business days. UTStarcom is a global telecommunications infrastructure provider known for offering innovative communication services and equipment for mobile backhaul, metro aggregation, and broadband access, with a strong presence in Japan and India.
Positive
- Regained compliance with NASDAQ's Listing Rule 5450(a)(1).
- Closing bid price of $1.00 or greater for 10 consecutive business days.
Negative
- None.
Details
News Market Reaction – UTSI
In the trading session that priced this news, UTSI declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HANGZHOU, China, July 15, 2022 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today announced the Company received a formal notice from NASDAQ that it has regained compliance with Listing Rule 5450(a)(1) as a result of the closing bid price of the Company's common stock has been at
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan and India. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Shelley Jiang, Investor Relations
Email: utsi-ir@utstar.com/ Shelleyjiang@utstar.com/
In the United States:
The Blueshirt Group
Mr. Gary Dvorchak
Email: gary@blueshirtgroup.com
FAQ
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