Dataram Could to Be Delisted From Nasdaq

On September 12, 2014, Dataram Corporation announced that on September 11, 2014, the company was notified by the Listing Qualifications Staff of The NASDAQ Stock Market LLC that, based upon the company’s non-compliance with the minimum $2,500,000 stockholders’ equity requirement for continued listing on The NASDAQ Capital Market, the company’s securities are subject to delisting unless the company timely requests a hearing before a NASDAQ Listing Qualifications Panel.

The company intends to timely request a hearing before the panel, at which hearing the company will present its plan to evidence and sustain compliance with all applicable requirements for continued listing on NASDAQ. The company’s common stock will continue to trade on The NASDAQ Capital Market under the symbol DRAM pending completion of the hearing process and the expiration of any extension period granted by the panel.

The company has executed term sheets with investors for a financing that, if consummated, would be sufficient to bring the company back into compliance with the NASDAQ stockholders’ equity requirement. The financing requires approval by the company’s shareholders.

Accordingly, the company intends to include the financing as a proposal in the proxy statement for its upcoming annual meeting which has been scheduled for October 15, 2014.