Mogo regains compliance with Nasdaq minimum bid price rule

Mogo has received formal notice from the Nasdaq Stock Market stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. The notice indicated that, as a result of the closing bid price of the Company’s common share having been $1.00 per share or greater for at least ten consecutive business days, from August 14, 2023 through August 25, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.