RADISYS CORPORATION (NASDAQ:RSYS) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On July 18, 2018, Radisys Corporation (the “Company”) received written notice (the “July 18, 2018 Notification”) from the Listing Qualifications Department of the NASDAQ Stock Market (“Nasdaq”) that it had regained compliance with Nasdaq’s $1.00 per share minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). Nasdaq notified the Company in the July 18, 2018 Notification that Nasdaq had determined that for the last 10 consecutive business days (from July 2 to 17, 2018), the closing bid price of the Company’s common stock had been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), and this matter is now closed.
About RADISYS CORPORATION (NASDAQ:RSYS)
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services. The Company’s Software-Systems segment consists of three product families: FlowEngine, MediaEngine and CellEngine. Also included in the Software-Systems segment is its Professional Service organization. The Company’s Embedded Products and Hardware Services segment provides customers with hardware based products targeted at the communications and healthcare markets. Products within this segment fall under primary categories, including T-Series Advanced Telecommunications Computing Architecture (ATCA) Platforms, Component Object Model (COM) Express and Rackmount Servers, and Other Products.