regulatory
confidence high
sentiment negative
materiality 0.65
Snail receives Nasdaq bid price deficiency notice; 180 days to cure
Snail, Inc.
- Nasdaq deficiency letter dated June 27, 2024 for bid price below $1.00 for 30 consecutive business days.
- Compliance period ends December 24, 2024; stock must close at $1.00+ for 10 consecutive days.
- If not cured, Company may be eligible for second 180-day period if other listing standards are met.
- Company will monitor bid price and consider available options, including reverse stock split.