American Rebel Holdings received a formal notice from The Nasdaq Stock Market’s Listing Qualifications. The notice confirmed that the Company has regained compliance with the minimum bid price requirement as set forth in Nasdaq’s Listing Rule 5550(a)(2). Previously on October 23, 2023, Nasdaq notified the Company that its Common Stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Bid Price Rule. Nasdaq determined that for the last 10 consecutive business days, from October 2, 2024, to October 15, 2024, the closing bid price of the Company’s common stock was at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AREB:
- American Rebel announces Connecticut launch party at Toad’s Place
- American Rebel ships initial order of ‘Tall Boy’ cans to Best Brands
- American Rebel ships re-stocking order from Kansas’ Standard Beverage
- American Rebel announces effectiveness of reverse stock split
- American Rebel Holdings Inc trading halted, news pending