Mobile Global Esports, Inc. (MGAM): Nasdaq/NYSE listing notice — Mobile Global Esports to be delisted from Nasdaq on April 18, 2024 due to bid price non-compliance

Mobile Global Esports, Inc.

Nasdaq notified MGAM on April 9, 2024 that it failed to regain compliance with the $1.00 minimum bid price rule after two grace periods.
Company will not appeal; common stock will be suspended from Nasdaq at the open on April 18, 2024.
Stock to trade on OTC Pink Sheets; company will seek market makers but no guarantee of a liquid market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Mobile Global Esports, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

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

Exact text from the filing

k (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 “Minimum Bid Price Rule”). The Company was provided an initial period of 180 calendar days, or until October 9, 2023 to regain compliance with the Minimum Bid Price Rule. Subsequently, on October 10, 2023, the Company was provided an additional 180 calendar day compliance period, or

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Mobile Global Esports, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-032562

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