January 8, 2010 (FinancialWire) — FiberTower Corp. (NASDAQ: FTWRD), a wireless services backhaul provider, said it has received written notification from the NASDAQ Stock Market that the company has regained compliance with the NASDAQ Marketplace rule that requires listed companies to maintain a minimum bid price of $1 per share.

On December 8, 2009, the company was notified that it had failed to comply with the rule. In accordance with that requirement, FiberTower had 180 days to regain compliance by having its stock trade above $1 for 10 consecutive days.

On December 18, 2009, the company executed a previously disclosed one-for-10 reverse stock split of its outstanding shares. FiberTower’s shares began trading on a split-adjusted basis at the open of trading on December 21, 2009.

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