Overland Storage Receives Notice of Compliance From Nasdaq
Overland's compliance with the alternate maintenance standard is enabled in part by Nasdaq's current suspension of the standards relating to minimum bid price and market value of publicly held shares. The company was in a permitted re-compliance period for the minimum bid price standard at the time those standards were suspended, thereby extending the re-compliance period for the length of the suspension. Overland will continue to monitor its compliance with Nasdaq's continuing listing standards in light of any expiration, change or extension of the suspension of those standards.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release includes forward-looking statements that reflect management's current views of future events including statements regarding the Company's ability to comply with the requirements under the Nasdaq Marketplace Rules. Actual results may differ materially from the forward-looking statements due to a number of important factors, including, but not limited to, Nasdaq's rules suspending certain maintenance standards and the Company's ability to maintain compliance with the continued listing requirements as they are in effect from time to time. Other risks affecting the Company are detailed from time to time in the Company's periodic reports filed with the SEC. These forward-looking statements speak only as of the date of this release and the Company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
VP Finance and CFO of
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