WiSA Technologies granted extension to regain Nasdaq minimum bid requirement

WiSA Technologies announced it received a notification letter from Nasdaq Stock Market that the Company has been granted an additional 180-day compliance period, or until June 20 to regain compliance with Nasdaq’s minimum bid price rule. There is no immediate effect on the listing or trading of the Company’s Common Stock, which will continue to trade on the Nasdaq Capital Market under the symbol "WISA". In an initial notification letter dated June 23 , Nasdaq had informed the Company that, based on the previous 30consecutive business days, the Company’s Common Stock no longer met the minimum $1 bid price per share requirement. Therefore, in accordance with Nasdaq’s Listing Rules, the Company was provided 180 calendar days, or until December 20 , to regain compliance, and an additional 180 days to regain compliance was granted by Nasdaq on December 21.