Inventergy Granted Extension by NASDAQ to Complete Forecasted Transactions
CAMPBELL, CA—September 6, 2016 - Inventergy Global, Inc. (NASDAQ: INVT), an intellectual property licensing company (“Inventergy”), announced today that it has received notification from The Nasdaq Stock Market (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) has granted it an extension to regain compliance with Nasdaq’s minimum stockholders’ equity requirements for continued listing. In its original July 11, 2016 decision, the Panel allowed Inventergy’s common stock to continue trading on the Nasdaq, subject to Inventergy completing certain forecasted transactions by August 31, 2016 and October 15, 2016, respectively. On September 2, 2016, the Panel granted Inventergy an extension until September 30, 2016 to complete the first forecasted transaction and the deadline for second transaction remained at October 15, 2016.
About Inventergy Global, Inc.
Inventergy is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.
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