MultiMetaVerse (MMV) Receives Nasdaq Non-compliance Notice

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MultiMetaVerse Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price and Minimum Market Value of Listed Securities

October 18, 2024 4:30 PM EDT

SHANGHAI, Oct. 18, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (the Company) received a letter from The Nasdaq Stock Market LLC (Nasdaq) stating that the Company was not in compliance with the minimum bid price of $1.00 per share requirement under Nasdaq Listing Rule 5550(a)(2) (the Bid Price Rule) and the minimum market value of listed securities of $35 million requirement under Nasdaq Listing Rule 5550(b)(2) (the MVLS Rule), and had failed to regain compliance with the Bid Price Rule and the MVLS Rule during... More