regulatory
confidence high
sentiment negative
materiality 0.80
Banzai receives additional Nasdaq delisting notice for low bid price; hearing set for Sept 19
Banzai International, Inc.
- On Sept 16, Banzai received Nasdaq letter that stock closed at $0.10 or less for 10 consecutive days, triggering additional delisting basis.
- Nasdaq hearing panel is scheduled for Sept 19, 2024; company may seek extension but no assurance of compliance.
- Original bid price non-compliance notice (April 3, 2024) had compliance period until Sept 30, 2024.
- Stock trades under BNZI (Nasdaq Global) and warrants under BNZIW (Nasdaq Capital).