Tech Company News: Applied Energetics Regains NASDAQ Compliance
April 30, 2010 (FinancialWire) — Applied Energetics, Inc., (NASDAQ: AERG) said that after the close of trading on April 28 it received a letter from The NASDAQ Stock Market confirming that the company has regained compliance with the minimum bid-price requirement for continued listing on the NASDAQ Capital Market.
The company said that its stock has maintained a closing bid price at $1 per share or greater for at least ten consecutive trading days, as required by NASDAQ Listing Rule 5550(a)(2).
Arizona-based Applied Energetics specializes in development and manufacture of advanced high performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide.
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