regulatory
confidence high
sentiment negative
materiality 0.60
PLBY Group receives Nasdaq deficiency notice for low bid price; has until Dec 24, 2024 to regain compliance
Playboy, Inc.
- Common stock bid price below $1.00 for 32 consecutive business days, triggering Nasdaq deficiency letter.
- Company has 180 days, until Dec 24, 2024, to close at $1.00+ for 10 consecutive days.
- If not compliant, may transfer to Nasdaq Capital Market or effect a reverse stock split.
- No immediate effect on listing; company is monitoring and evaluating options.