DATARAM CORPORATION (NASDAQ:DRAM) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On April 20, 2017, Dataram Corporation (the “Company”) was notified by The NASDAQ Stock Market (“NASDAQ”) that the Company was granted an extension until May 31, 2017 to regain compliance with Listing Rule 5550(b)(1) (the “Rule”).

The Company was previously notified by NASDAQ on March 21, 2017 that it was not in compliance with the Rule requiring the Company to maintain a minimum of $2,500,000 in stockholders’ equity.  The notice provided that the Company had 45 calendar days, or until May 5, 2017, to submit a plan to regain compliance with the Rule.

On April 3, 2017 the Company submitted a plan of compliance to NASDAQ which indicated that the Company anticipates regaining compliance upon consummation of its previously announced planned acquisition of U.S. Gold Corp., the closing of which is subject to various conditions precedent.

In the event the Company does not regain compliance with the Rule by such date, the Company’s securities may be delisted from NASDAQ, a determination the Company can appeal to a Hearings Panel, which can grant an exception to the continued listing standards for a period not to exceed 180 days.

About DATARAM CORPORATION (NASDAQ:DRAM)

Dataram Corporation (Dataram) is an independent manufacturer of memory products and provider of performance solutions. The Company provides customized memory solutions for original equipment manufacturers (OEMs) and compatible memory for various brands, as well as a line of memory products for Intel and AMD motherboard based servers. Its business lines include Dataram/Princeton Memory, Micro Memory Bank (MMB), MemoryStore.com and 18004Memory.com. The Dataram/Princeton Memory Business provides memory products that support enterprise/mission critical need; custom memory solutions for various customers ranging from enterprise and data center segments to power users and gamers, and solutions to extend the density memory options available to customers. MMB provides new and refurbished memory products. 18004Memory.com Web property provides a source for new and refurbished memory products. The Memorystore.com Web property provides a source for Dataram Value Memory products.

DATARAM CORPORATION (NASDAQ:DRAM) Recent Trading Information

DATARAM CORPORATION (NASDAQ:DRAM) closed its last trading session up +0.01 at 1.20 with 69,669 shares trading hands.