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Quotes & Info
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| ARCW > SEC Filings for ARCW > Form 8-K on 5-Feb-2009 | All Recent SEC Filings |
5-Feb-2009
Other Events
On February 5, 2009, ARC Wireless Solutions, Inc. (the "Company") announced that on February 2, 2009 the Company received a letter from NASDAQ Stock Market ("NASDAQ") indicating that the Company now complies with NASDAQ Marketplace Rules 4350(c) and 4350(d)(2).
As previously disclosed, on December 16, 2008 the Company received a letter from the NASDAQ Stock Market ("NASDAQ") indicating that the Company did not comply with the independent director and audit committee requirements for continued listing on NASDAQ as set forth in Marketplace Rules 4350(c) and 4350(d)(2) (the "Rules"), respectively.
Based on the Company having elected two independent Board members, Javier Baz and Amit Chatwani, on January 21, 2009 and the appointment of these Board members to the Audit Committee of the Board of Directors of the Company, NASDAQ considers the Company to be in compliance and the matter closed.
The announcement is contained in a press release issued February 5, 2009 that is attached hereto as Exhibit 99.1.
ITEM 9.01 Exhibits
Exhibit
Number Description
99.1 Press release dated February 5, 2009 announcing receipt of NASDAQ
Compliance Letter
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