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Great Basin Receives Positive Nasdaq Listing Determination

SALT LAKE CITY--(BUSINESS WIRE)--Great Basin Scientific, Inc. (NASDAQ:GBSN), a molecular diagnostics company, announced today that on June 23, 2016, the Nasdaq Listing Qualifications Panel (the "Panel") issued a determination granting the Company's request for the continued listing of its common stock on The Nasdaq Capital Market ("Nasdaq").

“We presented our detailed plan for compliance on June 16, 2016 and are pleased that the Panel has quickly granted us the additional time to regain compliance”

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The Company's continued listing on Nasdaq is subject to, among other things, the Company evidencing compliance with its plan to meet the minimum $35 million market value of listed securities requirement by October 10, 2016. In order to satisfy the market value of listed securities requirement, the Company must evidence a market capitalization of at least $35 million for a minimum of 10 consecutive business days on or before October 10, 2016. The Company is taking definitive steps to timely evidence compliance with the terms of the Panel's decision;...


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