Edgio, Inc. (NASDAQ:EGIO) has announced its approval to transfer its shares listing from the Nasdaq Global Select Market to the Nasdaq Capital Market, effective from October 20, 2023. The company was previously not in compliance with Nasdaq Listing Rule 5450(a)(1) due to its closing bid being below $1.00 for 30 consecutive business days. The transfer will allow the company an additional compliance period to meet the minimum bid price requirement. Edgio will also report its Q3 2023 financial results by November 9, 2023.