Dogness announced that on March 23, 2023, it received a letter from The Nasdaq Stock Market LLC, notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the company’s Class A common shares was below $1.00 per share for 30 consecutive trading days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the company’s Class A common shares, which will continue to trade uninterrupted on Nasdaq under the ticker "DOGZ".
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