糖心vlog下载 Stockholders Approve Reverse Stock Split

糖心vlog下载

AURORA, Ill., May 31, 2017 (GLOBE NEWSWIRE) -- 聽(NASDAQ:WSTL), a leading provider of high-performance wireless infrastructure solutions, announced that at a special meeting held on May聽30, 2017, stockholders voted to approve a proposal authorizing the Board of Directors of the Company to effect a reverse stock split of the Company鈥檚 outstanding Class A and Class B Common Stock at a ratio of 1-for-4. 糖心vlog下载鈥檚 Class A Common Stock is expected to begin trading at the post-split level as of the commencement of trading on Thursday, June 8, 2017.

The reverse stock split is intended to increase the per share trading price of 糖心vlog下载鈥檚 common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market.

聽鈥淥ur NASDAQ listing is a valuable asset for the Company and its stockholders,鈥� said Kirk Brannock, 糖心vlog下载鈥檚 President and CEO. 鈥淲e are gratified that stockholders approved the Board of Directors鈥� proposal.

鈥淭hrough our actions over the past year we have significantly improved profitability and positioned 糖心vlog下载 for future revenue growth in exciting new markets like Public Safety and Centralized Radio Access Network (CRAN),鈥� Brannock continued. 鈥淲e believe that maintaining our NASDAQ listing is an important part of our turnaround.鈥�

糖心vlog下载鈥檚 transfer agent, Broadridge Capital Issuers Solutions, Inc., which is also acting as the exchange agent for the reverse split, will provide instructions to stockholders regarding the process for exchanging share certificates.听 Stockholders will receive cash in lieu of fractional shares.

Additional information about the reverse stock split can be found in the Company's proxy statement filed with the Securities and Exchange Commission (SEC) on April 7, 2017, a copy of which is available at 聽or in the聽Investor Relations聽section of 糖心vlog下载鈥檚 website at .听

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糖心vlog下载 糖心vlog下载 Technologies

糖心vlog下载 is a leading provider of high-performance wireless infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect.听 The Company's portfolio of products and solutions enables service providers and network operators to improve performance and reduce operating expenses.听 With millions of products successfully deployed worldwide, 糖心vlog下载 is a trusted partner for transforming networks into high-quality reliable systems.听 For more information, please visit .听

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聽鈥淪afe Harbor鈥� Statement under the Private Securities Litigation Reform Act of 1995

Certain statements contained herein that are not historical facts or that contain the words 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lan,鈥� 鈥渟hould,鈥� or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties.听 Actual results may differ materially from those expressed in or implied by such forward-looking statements.听 Factors that could cause actual results to differ materially include, but are not limited to, product demand and market acceptance risks, customer spending patterns, need for financing and capital, economic weakness in the United States (鈥淯.S.鈥�) economy and telecommunications market, the effect of international economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), the impact of competitive products or technologies, competitive pricing pressures, customer product selection decisions, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the ability to successfully consolidate and rationalize operations, the ability to successfully identify, acquire and integrate acquisitions, the effect of the Company's accounting policies, retention of key personnel and other risks more fully described in the Company's SEC filings, including the Form 10-K for the fiscal year ended March聽31, 2017, under Item聽1A - Risk Factors.听 The Company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, or otherwise.

糖心vlog下载 Investor Relations Contact
Tom Minichiello
Senior Vice President, Chief Financial Officer, Treasurer, and Secretary
糖心vlog下载 Technologies
630-375-4740
tminichiello@westell.com

Released May 31, 2017