CARLSBAD, Calif., May 26, 2016 (GLOBE NEWSWIRE) -- Signal Genetics, Inc. (NASDAQ:SGNL) (Signal or the Company), a commercial stage, molecular genetics diagnostic company focused on providing innovative diagnostic services that help physicians make better-informed decisions concerning the care of their patients suffering from cancer, announced today that it has been granted an extension until November 21, 2016 to comply with Nasdaq's minimum closing bid price requirement of $1.00 per share.
Signal received notification from Nasdaq that it has an additional 180-day period, or until November 21, 2016, to regain compliance. The extension is based on the Company’s meeting the continued listing requirement for market value of publicly-traded shares and all other requirements for initial listing on Nasdaq Capital Markets with the exception of the bid price. If at any time during the additional time period, Signal’s closing bid price is at least $1 per share for ten consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will the closed.
About Signal Genetics, Inc.
Signal Genetics, Inc., headquartered in Carlsbad, California, is a commercial stage, molecular diagnostic company focused on providing innovative diagnostic services that help physicians make better-informed decisions concerning the care of their patients suffering from cancer. Signal’s mission is to develop, validate and deliver innovative diagnostic services that enable better patient-care decisions. Signal was founded in January 2010 and became the exclusive licensee in its licensed field to the renowned research on multiple myeloma performed at the University of Arkansas for Medical Sciences, in April 2010.
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Source:Signal Genetics, Inc.