Immersion Confirms Acceptance of Compliance by NASDAQ
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SAN JOSE, Calif.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR) today announced that the NASDAQ Stock Market ("NASDAQ") granted an exception to Rule 5250(c)(1) of its listing standards to enable Immersion's Common Stock to remain listed on NASDAQ while it completes its internal investigation and restatement of its historical financial statements.
Immersion received a letter from NASDAQ on October 15, 2009 notifying Immersion that it has granted Immersion's request to remain listed on NASDAQ, subject to Immersion filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 on or before February 8, 2010.
Although Immersion is working to complete its review and restatement in advance of this deadline, there can be no assurance that Immersion will be able to regain and maintain compliance with NASDAQ's listing rules.
Immersion and the Immersion logo are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.
(IMMR - C)
Source: Immersion Corporation
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