FRANKLIN PARK, IL — Nasdaq has issued a notice of noncompliance to M-Wave Inc. for failure to maintain a minimum of $2.5 million in stockholders' equity.
M-Wave intends to submit its plan to regain compliance to Nasdaq by Nov. 30, the company said. In that regard, the company believes that it will be in full compliance with all applicable listing requirements upon completion of its previously announced merger with Blue Sun Biodiesel LLC.