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Magic Empire Global Limited Announces Receipt Of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Author: Benzinga Newsdesk | March 01, 2024 05:09pm

Magic Empire Global Limited (NASDAQ:MEGL) ("MEGL", or the "Company") announced that, on February 28, 2024, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that based on the closing bid price of the Company for the period from January 16, 2024 to February 27, 2024, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

Posted In: MEGL


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