Aspen Group receives Nasdaq delisting notice for bid price below $1.00

ASPEN GROUP, INC.

Nasdaq notified Aspen Group on May 25, 2022 of noncompliance with minimum bid price rule (closing bid <$1.00 for 30 consecutive business days).
Company has 180-day grace period to regain compliance; stock must close at $1.00+ for 10 consecutive business days.
If not compliant by Nov 21, 2022, company may be eligible for additional 180-day extension if it meets other listing standards.
Company will consider options including a reverse stock split to cure deficiency.
No immediate impact on listing; stock continues trading on Nasdaq Global Market.

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