LIGHTBRIDGE CORPORATION (NASDAQ:LTBR) Files An 8-K Other Events
Item 8.01 Other Events.
On November 4, 2019, Lightbridge Corporation (the “Company”) received written notification from the Nasdaq Listing Qualifications Staff indicating that the bid price for the Company’s common stock closed at or above $1.00 per share for at least 10 consecutive business days. Accordingly, the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market to Nasdaq Listing Rule 5550(a)(2).
About LIGHTBRIDGE CORPORATION (NASDAQ:LTBR)
Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel. The nuclear energy consulting business segment provides nuclear power consulting and strategic advisory services to commercial and governmental entities across the world. It provides integrated strategic advice across a range of areas, including, regulatory development, nuclear reactor site selection, procurement and deployment, reactor and fuel technology, international relations, program management and infrastructure development.