Friday, December 20, 2013

MicroVision Gets Nasdaq Warning

Redmond-based MicroVision, the developer of the miniature laser projection technology for heads up displays, consumer electronics, and other applications, said it has received a warning from the Nasdaq Stock Market, over the company's minimum market value. The company said it is it not in compliance with the $50,000,000 minimum market value of listed securities to remain listed on the Nasdaq Global Market. The warning is a predecessor to possible delisting efforts by the market. The company said it has until June 16th, 2014, to regain compliance with the rule to avoid any delisting action.