Ascent Solar Technologies Inc of Thornton, CO, USA, which makes lightweight, flexible copper indium gallium diselenide (CIGS) thin-film photovoltaic modules that it integrates into its EnerPlex series of consumer products, has received notification from the Listing Qualifications Department of The Nasdaq Stock Market that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
Ascent had been notified by Nasdaq in September 2013 that its common stock did not satisfy the minimum bid price requirement. Now, on 11 September, Nasdaq provided confirmation to Ascent that the closing bid price of its common stock for the prior 10 business days had met the minimum bid price requirement and advised Ascent that this matter is now closed.
