Function(x) Inc. ( FNCX) (the "Company") today announced that on November 1, 2016, the Company was formally notified by the Nasdaq Hearings Panel (the "Panel") that the Company has evidenced compliance with all requirements for continued listing on The Nasdaq Capital Market, including the minimum $1.00 bid price and $2.5 million stockholders' equity requirements. The Panel further indicated, however, that the Company will remain subject to a "Panel Monitor" as that term is defined under Nasdaq Listing Rule 5815(d)(4)(A), through November 1, 2017. On February 23, 2016, the Company received notice from the Staff indicating that the Company did not satisfy the minimum stockholders' equity requirement and that its securities were therefore subject to delisting. The Company appealed the Staff's determination and appeared before the Panel in March 2016, subsequent to which the Panel ultimately issued the November 1, 2016 determination regarding the Company's continued listing on The Nasdaq Capital Market. Under the terms of the Panel Monitor, in the event the Company's stockholders' equity falls below $2.5 million during the monitor period and the Company does not qualify for continued listing under an alternative to the stockholders' equity requirement, the Panel will promptly conduct a hearing with respect to the stockholders' equity deficiency. Furthermore, in the event the Company fails to comply with any other requirement for continued listing during the monitoring period, the Company will be provided written notice of the deficiency and an opportunity to present a definitive plan to regain compliance directly to the Panel. That is, the Company will not be permitted to provide the Nasdaq Listing Qualifications Staff (the "Staff") with a plan of compliance with respect to any deficiency that arises during the monitor period, and the Staff will not be permitted to grant additional time to the Company to regain compliance with any requirement, notwithstanding Nasdaq Listing Rule 5810(c).