On December 24, 2024, The Glimpse Group announced that it received written notice from Nasdaq Stock Market LLC, confirming it has regained compliance with Listing Rule 5550(a)(2). This rule requires listed securities to maintain a minimum bid price of $1.00 per share.
The company had previously received a notice from Nasdaq in September 2024 regarding non-compliance with this minimum bid price requirement. Regaining compliance resolves this issue and removes the risk of delisting.
This development is significant for maintaining the company's public market listing and can positively impact investor confidence. It ensures continued access to capital markets and enhances the company's standing.
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