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Towerstream regains compliance with Nasdaq minimum bid price requirement

TowerstreamCorp. on July 21 regained compliance with The Nasdaq Capital Market'sminimum share bid price requirement.

The Nasdaq Hearings Panel recently the company's request for anextension to satisfy certain listing requirements of Nasdaq. One of therequirement that needed to be satisfied was evidencing a closing bid price ofat least $1.00 per share for a minimum of 10 consecutive business days on or beforeJuly 24.

Towerstream has an extension till Nov. 22 to fulfill thelisting rule regarding minimum shareholder equity of $2.5 million.