Cineverse receives Nasdaq bid price deficiency notice; has until Jan 6, 2025 to regain compliance

Cineverse Corp.

Received Nasdaq notice on July 10, 2024 for failing minimum bid price of $1 per share for 30 consecutive business days.
Company has 180 calendar days (until January 6, 2025) to regain compliance with Nasdaq Listing Rule 5550(a)(2).
To cure, closing bid price must be at least $1 per share for ten consecutive business days during the period.
If not compliant by January 6, 2025, may be eligible for an additional 180-day period if other listing standards are met.

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