Aehr Test Systems (AEHR) Receives Non-Compliance Notification From NASDAQ
Aehr Test Systems (Nasdaq: AEHR) received a letter from the Nasdaq Stock Market notifying the Company that it no longer complies with Rule 5450 (a)(1) (the "Minimum Bid Price Rule"), as the bid price of the Company's shares closed below the minimum $1.00 per share for the 30 consecutive business days prior to the date of the letter. In accordance with Rule 5810 (c)(3)(A) (the "Grace Period Rule"), the Company will be provided 180 calendar days, or until March 15, 2010, to regain compliance with the Minimum Bid Price Rule. The deficiency letter has no effect on the listing of the Company's common stock at this time and its shares will continue to trade on the Nasdaq Global Market under the symbol "AEHR".[SM]
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