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 25, 2017, Dataram Corporation (the Company) was notified
by The NASDAQ Stock Market (NASDAQ) that the Company was granted
an extension until September 29, 2017 to regain compliance with
Listing Rule 5620(a) and 5810(c)(2)(G) (the Rule).
The Company was previously notified by NASDAQ on May 2, 2017 that
it was not in compliance with the Rule requiring the Company to
hold an annual meeting of shareholders within twelve months of
the end of the Companys fiscal year end. The notice provided that
the Company had 45 calendar days, or until June 16, 2017, to
submit a plan to regain compliance with the Rule.
On May 16, 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., which acquisition occurred on May
23, 2017.
In the event the Company does not regain compliance with the Rule
by such date, the Companys 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 down -0.42 at 3.00 with 98,748 shares trading hands.
