Lumera Corporation Announces NASDAQ Notice; Change in Exchange Ratio and Preliminary Approval of all Annual Meeting Measures

Lumera Corporation (NASDAQ:LMRA) (the “Company”) today announced that it has received information from the staff at the Nasdaq Stock Market, Inc., indicating that the NASDAQ Listing Qualifications Department has determined that GigOptix, Inc. will be subject to the initial listing requirements, rather than the continued listing requirements. GigOptix, Inc. will not meet the requirement of at least $15 million of public equity value for initial listing on the Nasdaq Capital Market.

Source: Lumera