Benzinga | Aug 18, 2020 06:39AM EDT

BIOLASE Regains Nasdaq Compliance For Minimum Stockholder Equity

FOOTHILL RANCH, Calif., Aug. 18, 2020 /PRNewswire/ -- BIOLASE, Inc.(NASDAQ:BIOL), the global leader in dental lasers, announced today that it received notification from the Listing Qualifications Department of the Nasdaq Stock Market indicating that the Company now meets the minimum stockholders equity requirement of $2.5 million set forth in Listing Rule 5550(b)(1). Following the registered direct offering in June and the recently completed $18.0 million Rights Offering in July, Nasdaq has determined that the Company is now in compliance with the minimum stockholders equity requirement.