Netguru (NASDAQ:NGRU)
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From Jan 2020 to Jan 2025
netGuru, Inc. (Company) (Nasdaq:NGRU) received a Nasdaq
Staff Deficiency letter (the "Letter") on October 5, 2005, indicating
that the Company is not in compliance with the $1.00 minimum closing
bid price requirement for continued listing on The Nasdaq Capital
Market as set forth in Marketplace Rule 4310(c)(4) (the "Rule").
The Letter also stated that, in accordance with Marketplace Rule
4310(c)(8)(D), netGuru will be provided 180 calendar days, or until
April 3, 2006, to regain compliance. In accordance with Marketplace
Rule 4310(c)(8)(E), if at any time before April 3, 2006, the bid price
of the Company's common stock closes at or above $1.00 per share for a
minimum of ten consecutive business days, the Company will be provided
written notice that it complies under the Rule.
If compliance with the Rule cannot be demonstrated by April 3,
2006, the Staff will determine whether netGuru meets The Nasdaq
Capital Market initial listing criteria set forth in Marketplace rule
4310(c), except for the bid price requirement. If the Company meets
the initial listing criteria, the Company will be given notice that it
has been granted an additional 180 calendar-day period to comply with
the Rule. If it is determined that the Company is not eligible for
this additional compliance period, the Company will be provided
written notice that its securities will be delisted. At that time, the
Company may appeal to a Listing Qualifications Panel the Staff's
determination to delist its securities.
About netGuru
netGuru is an engineering information technology and services
company offering engineering analysis and design software,
collaborative software solutions, and professional and technical
information technology services and support to businesses worldwide.
netGuru serves its global markets and clients through offices located
in the United States, Europe, Asia, and the Middle East, and through
distributors in 40 countries. The Company licenses its engineering
software and solutions to more than 19,000 businesses in 100
countries. For more information, please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
With the exception of historical or factual information, the
matters discussed in this press release are forward-looking statements
that involve risks and uncertainties. Actual future results may
differ. Factors that could cause or contribute to such differences in
results include, but are not limited to, any further determination
Nasdaq may make regarding netGuru's compliance with Nasdaq Marketplace
Rules and other factors discussed in the "Risk Factors" Section of
netGuru's Form 10-KSB for the fiscal year ended March 31, 2005, and
other filings made with the U.S. Securities and Exchange Commission.