Friday, May 30, 2014
Qualstar Gets Nasdaq Warning
Simi Valley-based data storage products developer Qualstar reported this week that it has received a warning from the Nasdaq, saying that it is non-compliant for failing to maintain a minimum of $10,000,000 in stockholders' equity. Qualstar said it either must submit a plan to regain compliance within 45 days, or file a transfer application to list on the Nasdaq Capital Market. The Nasdaq Capital Market has less stringent listing requirements than the Nasdaq Global Market, which is where Qualstar currently trades as QBAK. Qualstar said it is currently exploring its options.