Banzai (BNZI) International announced that it has received notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rules for continued listing. To regain compliance with the Rule, the company’s Class A common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on October 18, Nasdaq informed the company it achieved compliance with such Rule.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BNZI:
- Banzai announces significant enhancements to its Demio platform
- Banzai files to sell 877,372 shares of Class A common stock for holders
- Banzai has engaged MZ Group to lead an IR, financial communications program
- Banzai announces strategic business initiatives including workforce adjustments
- Banzai receives non-compliance letter from Nasdaq