Hour Loop receives Nasdaq non-compliance notice for bid price below $1.00

Hour Loop, Inc

On July 26, 2024, Hour Loop received a bid price notice from Nasdaq for failing to maintain minimum $1.00 closing bid price for 30 consecutive business days.
Company has 180 calendar days, until January 22, 2025, to regain compliance by closing at $1.00 or more for at least 10 consecutive business days.
If compliance not met by deadline, Hour Loop may qualify for an additional 180-day period by meeting other listing standards and indicating intent to effect a reverse stock split.
Non-compliance has no immediate effect on trading of HOUR common stock on Nasdaq Capital Market; company is evaluating alternatives.
There is no assurance that Hour Loop will be able to regain compliance with the Minimum Bid Price Requirement.

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