GAXOS.AI INC. (GXAI): Nasdaq/NYSE listing notice — NFT Gaming receives Nasdaq notice: bid price below $1.00 for 30 days; 180-day cure period

GAXOS.AI INC.

Notice from Nasdaq on July 10, 2023 for failure to meet minimum $1.00 bid price per Listing Rule 5550(a)(2).
Company has 180 calendar days, until January 6, 2024, to regain compliance by closing at $1.00+ for ten consecutive days.
If not compliant by Jan 6, 2024, may qualify for a second 180-day period; otherwise delisting process begins.
Company intends to monitor bid price and may consider options to regain compliance.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

GAXOS.AI INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

July 10, 2023, The NFT Gaming Company, Inc. (the “Company”) received written notice (the “Notice”) from the Nasdaq Stock Market, LLC (“Nasdaq”) indicating that the bid price for the Company’s common stock (the “Common Stock”), for the last 30 consecutive business days, had closed below the minimum $1.00 per share and, as a result, the Company is not in compliance with the $1.00 minimum bid price requirement for the continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no effect at this time of the Common Stock, which continues to trade o

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Source: SEC EDGAR

accession 0001213900-23-057138

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