Rave Restaurant Group receives Nasdaq notice for minimum bid price non-compliance

RAVE RESTAURANT GROUP, INC.

Nasdaq notified Rave on June 21, 2022, that its stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
Compliance period of 180 calendar days; must show $1.00 closing bid for 10 consecutive days by December 19, 2022.
No immediate effect on Nasdaq Capital Market listing; company expects to regain compliance but can't guarantee.
If not regained, common stock may be delisted from Nasdaq Capital Market.

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