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Eltek Receives Noncompliance Notice from Nasdaq

Published: 25 June 2015
 by Mike Buetow

PETACH-TIKVA, ISRAEL -- Eltek today announced receipt of a notice of noncompliance with Nasdaq's minimum per share price requirement.

The printed circuit board fabricator has 180 days to regain compliance with the $1.00 minimum bid price requirement.

Nasdaq requires that listed securities maintain a minimum bid price of $1 per share.

The 180-period expires Dec. 21, 2015. If at any time during the period the closing bid price of the company's stock is at least $1 for a minimum of 10 consecutive business days, the company will regain compliance and the matter will be closed.

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