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 March 21, 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 Rule 5550(b)(1) (the “Rule”) requiring the Company to maintain a minimum of $2,500,000 in stockholders’ equity.  The Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2017 reported stockholders’ equity of $2,136,955. Additionally, the Company, at this time, does not meet alternative listing standards. The notification does not impact the Company’s listing on The NASDAQ Capital Market at this time.

The notice provides that the Company has 45 calendar days, or until May 5, 2017, to submit a plan to regain compliance with the Rule. If the Company’s plan is accepted, NASDAQ may grant an extension of up to 180 calendar days from the original date of notification to evidence compliance.

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 the approval of the Company’s stockholders and various other conditions precedent.

The letter did not indicate the Company’s 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 +0.02 at 1.16 with 48,860 shares trading hands.