Teligent Inc. (NASDAQ: TLGT) revealed today that it has regained compliance with The Nasdaq Stock Market. Earlier, the firm has got a warning from Nasdaq that it is not complying with the provisions of the Nasdaq Listing Rule. Teligent has not presented the Quarterly Report on Form 10-Q for the three months completed September 30, 2020, with the SEC on time.
But the firm has filed the Form 10-Q on Dec 31, 2020 and fulfilled the Nasdaq requisites. Apart from this, Teligent has also unsuccessful in retaining the least market value of publicly held shares of $15,000,000 for 30 consecutive trading days. For this, the firm has got a warning letter from Nasdaq on July 28, 2020.
Share of Teligent Inc. (NASDAQ: TLGT) plunged 6.65% during the trading session of Friday. It has recorded a trading volume of 2.12 million as compared to the average volume of 6.15 million. In the past 52-weeks of trading, this company’s share has fluctuated between the low range of $0.46 and the high range of $6.46. TLGT has a total market capitalization of $28.38 million.
Teligent has fulfilled all the demands of Nasdaq and again received the notice which stated that the firm has retained the least market value of publicly held shares of the firm’s common stock. It has been equal to or above the $15,000,000 least market value of publicly held shares which is the condition for continued listing.
After fulfilling all the requirements of Nasdaq, the matter has been closed and the firm now comply all the conditions necessary for the listing and will be able to continue its listing on Nasdaq. Teligent disclosed that its market value now exceeds the conditions necessary for the Nasdaq listing. But TLGT has not yet fulfilled the lowest bid price obligation to proceed with the listing on the Nasdaq stock exchange.