Giga-tronics, Incorporated (NASDAQ:GIGA) received a letter from The NASDAQ Stock Market (NASDAQ) informing the Company that for the last 30 consecutive business days the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Listing Rule 5550(a)(2). The letter stated that NASDAQ will provide the Company a grace period of 180 calendar days, or until May 1, 2017, to regain compliance. To regain compliance, any time before May 1, 2017, the bid price of the Company’s common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days