MultiMetaVerse Gets Nasdaq Noncompliance Notice

MT Newswires Live10-19

MultiMetaVerse Holdings (MMV) said Friday it was notified by the Nasdaq that the company is not in compliance with the stock exchange's $1 minimum bid price rule as well as the requirement to maintain a minimum market value of listed securities of $35 million.

The letter stated that the company failed to regain compliance with the two listing rules during an extension period that ended on Oct. 14, MultiMetaVerse said.

The company said it has until Oct. 22 to request a hearing with Nasdaq's hearings panel, which it intends to proceed with.

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