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 May 2, 2017, Dataram Corporation (the Company) was notified by
The NASDAQ Stock Market (NASDAQ) that it is not in compliance
with the continued listing requirements of The NASDAQ Capital
Market contained in NASDAQ Listing Rules 5620(a) and
5810(c)(2)(G) (the Rules) requiring the Company to hold an annual
meeting of shareholders within twelve months of the end of the
Companys fiscal year end. The notification does not impact the
Companys listing on The NASDAQ Capital Market at this time.
The notice provides that the Company has 45 calendar days, or
until June 16, 2017, to submit a plan to regain compliance with
the Rules. If the Companys plan is accepted, NASDAQ may grant an
extension of up to 180 calendar days from the Companys fiscal
year end, or until October 27, 2017, to regain compliance.
The Company anticipates holding its 2017 Annual Meeting of
Stockholders and regaining compliance with the Rules after the
consummation of its previously announced planned acquisition of
U.S. Gold Corp., the closing of which is subject to customary
closing conditions precedent.
The letter did not indicate the Companys non-compliance with any
other listing requirement.
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 +0.08 at 1.22 with 55,107 shares trading hands.
