FaZe Holdings Inc.: Nasdaq/NYSE listing notice — FaZe Holdings receives Nasdaq deficiency notice for bid price below $1

FaZe Holdings Inc.

Received letter on March 23, 2023 from Nasdaq for failing $1 minimum bid price over 30 consecutive business days.
Has until September 19, 2023 (180 days) to regain compliance by closing at $1+ for 10 consecutive business days.
If fails to cure, may be eligible for additional 180-day period; otherwise delisting process begins.
Common stock and warrants continue trading under FAZE and FAZEW during cure period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

FaZe Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

March 23, 2023, FaZe Holdings Inc. (the “ Company ”) received a letter (the “ Letter ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market (“ Nasdaq ”) informing the Company that its common stock, par value $0.0001 per share (the “ Common Stock ”), failed to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the Letter. The notice has no immediate effect on the listing

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Source: SEC EDGAR

accession 0001213900-23-022848

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