On August 22, 2008, Westell Technologies, Inc. (the “Company”) received a notification (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market (“NASDAQ”) that the bid price for the Company’s Class A Common Stock (“common stock”) has closed below the minimum $1.00 per share for 30 consecutive trading days as required by NASDAQ Marketplace Rule 4450(a)(5) (the “Rule”) for continued listing. The Notice has no immediate effect on the listing of the Company’s common stock on the NASDAQ Global Select Market.

 

The Notice indicates that the Company will be provided 180 calendar days, or until February 18, 2009, to regain compliance with the minimum $1.00 per share bid requirement. The Notice further indicates that the Company may regain compliance with the Rule if at any time before February 18, 2009, the bid price of the Company’s common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.

 

The Company issued a press release on August 25, 2008 regarding the Notice. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.