NXT-ID, Inc. (NASDAQ: NXTD) has received notice of compliance from NASDAQ, dated April 14, 2016, the company said.
Based on the representation in the Form 8-K, dated April 12, 2016, NASDAQ staff have determined that the Company complies with the minimum USD2.5 million Stockholders´ Equity requirement, set forth in Listing Rule 5550(b) (1).
The Company is required to evidence this compliance in its next periodic report.
NXT-ID is an emerging growth technology company that is focused on products, solutions, and services for security on mobile devices. Its core technologies consist of those that support digital payments, biometric identification, encryption, sensors, and miniaturization.