Lion Group announced that on April 18, 2024, it received a delinquency notification letter from Nasdaq due to the Company’s non-compliance with Nasdaq Listing Rule 5550, as the bid price of the company’s ordinary shares on the Nasdaq was below $1.00 for 30 consecutive business days, from March 5 to date. The company is addressing the matter and is working to regain compliance within the 180 calendar day compliance period under Nasdaq rules.
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