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Ability Inc. Regains Compliance with NASDAQ Listing RuleTEL AVIV, Israel, June 27, 2017 /PRNewswire/ -- Ability Inc. (NASDAQ: ABIL) (the "Company"), a leading provider of innovative tactical communications intelligence solutions, today announced that on June 23, 2017 it received notification from the Listing Qualifications Department of The Nasdaq Stock Market (the "Staff") that the Company has regained compliance with Listing Rule 5550(a)(2). On June 6, 2017, Staff notified Ability that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Staff has determined that for at least the last 10 consecutive business days, from June 8 to 22, 2017, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Staff notified the Company that it has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed. About Ability Inc. Headquartered in Tel Aviv, Israel, Ability was founded in 1994. Ability provides advanced interception, geolocation and cyber intelligence tols used by security and intelligence agencies, military forces, law enforcement and homeland security agencies worldwide. Ability has sold to governments and government agencies in over 50 countries. Ability offers a broad range of lawful interception, decryption, cyber and geolocation solutions for cellular and satellite communication, including ULIN, or Ultimate Interceptor, which to our knowledge, is the first-to-market SaaS strategic interception system with voice and geolocation capabilities without geographic limitation. State-of-the-art technology underpins Ability's scalable offerings, which can be tactical-and-portable, or strategic-and-fixed, depending on its customers' needs. Additional information regarding Ability may be found at http://www.interceptors.com. Caution Regarding Forward-Looking Statements Investor Relations Contacts:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ability-inc-regains-compliance-with-nasdaq-listing-rule-300479650.html SOURCE Ability Inc. |