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GigaMedia regains NASDAQ stock market compliance

10th February 2012 10:59 am GMT

Everest Gaming part-owner GigaMedia Limited said Friday that it has regained compliance with the NASDAQ Stock Market’s minimum bid price listing requirements, one of the major objectives of the company’s new management in turning around the business.

GigaMedia said that it has received a letter from NASDAQ which noted that for ten consecutive business days, from January 26th to February 8th, the closing bid price of GigaMedia’s ordinary shares was US$1.00 or greater.

“Accordingly, the company has [...]

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