Newegg Faces Nasdaq Non-Compliance Notice

Newegg Commerce, Inc. (NEGG) has released an update.

Newegg Commerce, Inc. has been notified by Nasdaq for non-compliance with the minimum bid price requirement, as its shares traded below $1 for 30 consecutive days. The company has until November 4, 2024, to meet the minimum bid requirement and avoid potential delisting. Newegg remains a leading online retailer for various technology products, serving both consumers and businesses.

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