Mobile Global eSports As Of Oct 9, 2023, Co Has Not Regained Compliance With Nasdaq Minimum Bid Price Requirement; Nasdaq Notified Co It Would Have Additional 180 Calendar Days, Or Until April 8, 2024, To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Mobile Global eSports has not regained compliance with Nasdaq's minimum bid price requirement. Nasdaq has given the company an additional 180 days, until April 8, 2024, to regain compliance.
October 12, 2023 | 8:24 pm
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NEGATIVE IMPACT
Mobile Global eSports has not met Nasdaq's minimum bid price requirement and has been given an additional 180 days to regain compliance.
Failure to meet Nasdaq's minimum bid price requirement could lead to delisting, which would negatively impact the stock's liquidity and marketability. The additional 180 days provides some relief, but the uncertainty could still pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100