Summary of IGO, INC. - Yahoo! Finance

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfe

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 22, 2012, iGo, Inc. (the "Company") received a letter from The Nasdaq Stock Market ("Nasdaq") granting the Company an additional 180-day period, or until February 19, 2013, to regain compliance with the $1.00 per share minimum bid requirement for continued listing under Nasdaq Capital Market Rule 5550(a)(1).

The Company received a previous letter from Nasdaq on February 23, 2012 indicating that the bid price of the Company's common stock for the prior thirty consecutive business days had closed below the $1.00 minimum bid requirement and that the Company would have 180 calendar days, or until August 21, 2012, to regain compliance with the requirement. The August 22, 2012 Nasdaq letter indicated that, although the Company did not meet the minimum bid requirement during the initial 180-day period, it was granted an additional 180 calendar days of trading on the Nasdaq Capital Market in which to comply. According to the letter, if at any time by February 19, 2013, the bid price for the Company's ordinary shares closes at $1.00 per share or more for a minimum of ten consecutive business days (subject to increase in Nasdaq's discretion), Nasdaq will provide written confirmation of compliance and the matter will be closed.

The Company intends to monitor the bid price for its ordinary shares between now and February 19, 2013 and will consider all available options to resolve the deficiency and regain compliance with the minimum bid price requirement. Although this notification has no effect on the listing of the Company's common stock at this time, there can be no assurance that the Company will be able to regain compliance with the Nasdaq rules and thereby maintain the listing of its common stock on the Nasdaq Capital Market.