MultiMetaVerse receives listing deficiency notices from Nasdaq

MultiMetaVerse has received written notifications from Nasdaq notifying the company that, based on the bid price and market value of listed securities of the company from March 5 to April 17, the company did not meet the Minimum Bid Price Requirement and Minimum Market Value of Listed Securities Requirement. Nasdaq Listing Rules require companies to maintain a minimum bid price of $1.00 per share and a minimum market value of listed securities of $35M. The Notification Letter does not impact the Company’s listing on The Nasdaq Capital Market at this time. The company has been provided 180 calendar days, or until October 14, to regain compliance with Nasdaq Listing Rules. If the company does not regain compliance by October 14, the company may be eligible for additional time to regain compliance, or may face delisting. The company intends to cure the deficiency within the prescribed grace period.