regulatory
confidence high
sentiment negative
materiality 0.70
Glimpse Group receives Nasdaq delisting notice for bid price below $1.00
Glimpse Group, Inc.
- Received Nasdaq notification on Sep 3, 2024 that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until Mar 3, 2025) to regain compliance by closing at $1.00+ for 10 consecutive days.
- If non-compliant by Mar 3, 2025, may qualify for additional 180 days if other listing standards are met.
- Potential cure measures include share buyback, insider buying, and press releases; reverse stock split not currently considered.