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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments