Anghami Faces Nasdaq Compliance Challenge

Anghami Inc. (ANGH) has released an update.

Anghami Inc., the leading MENA region streaming platform, has received a notification from Nasdaq regarding non-compliance with the minimum bid price rule, as its share price has been below $1.00 for 32 consecutive days. The company has a 180-day period until February 17, 2025, to regain compliance, which may include measures such as a reverse share split. This notification does not currently affect Anghami’s Nasdaq listing or the trading of its shares.

For further insights into ANGH stock, check out TipRanks’ Stock Analysis page.