Newegg Commerce regains Nasdaq compliance

Newegg Commerce announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Capital Market notifying the company that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). The Notification Letter confirmed that the company evidenced a closing bid price at or greater than the $1.00 per ordinary share minimum requirement for the last 10 consecutive business days from November 28, 2023 to December 11, 2023 and that the company has regained compliance with the Nasdaq Minimum Bid Price Requirement. As a result, the listing matter has been closed.