Vimicro Regains Nasdaq Compliance

Vimicro, 11/01/12

Beijing-based PC-camera processor and IP-based surveillance solution provider Vimicro (Nasdaq: VIMC) today announced that the company recently received notification from the Nasdaq Stock exchange informing the company that it has regained compliance with the exchange's USD 1.00 minimum per-share closing bid-price requirement. Vimicro received notice that its American depository share (ADS) price had been under USD 1.00 for thirty consecutive days and was not in compliance with the Nasdaq's minimum bid requirement on October 16.

Editor's Note: For more background on this topic, please see "Vimicro Receives Nasdaq Non-Compliance Notification, Appoints New CFO" MD 10/16/12 issue.

Keywords: financing hardware processor Vimicro VIMC semiconductor

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