Mobile Global Esports receives Nasdaq extension to comply with bid price rule

Mobile Global Esports Inc. announced that it has received notification from The Nasdaq Stock Market LLC confirming the company has been granted an additional 180 calendar day period, under Listing Rule 5810(c)(3)(A), or until April 8, 2024, to regain compliance under its minimum $1 bid price per share requirement. If at any time, during this additional time period, the closing bid price of the company’s security is at least $1 per share for a minimum of ten consecutive business days, this matter will be closed under Listing Rule 5810(c)(3)(F). “We are grateful for Nasdaq’s decision to grant MOGO an extension to regain compliance while we navigate through the current trading and market environment,” said Dave Pross, CEO of MOGO. “We remain both committed to our mission and determined to deliver on our promise of excellence. This extension fuels our determination to elevate the world of gaming even further.”