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Allied Gaming regains Nasdaq compliance with bid price

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Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) has successfully regained compliance with Nasdaq's minimum bid price requirement, according to a recent 8-K filing with the U.S. Securities and Exchange Commission.
Allied Gaming & Entertainment, Inc. has successfully regained compliance with the minimum bid price requirement of the Nasdaq Capital Market. The company was previously notified on March 20, 2024, that its stock had not maintained the required $1.00 per share minimum bid price for 30 consecutive business days. However, as of May 20, 2024, the company's stock price closed at or above $1.00 for 10 consecutive business days, thereby meeting the compliance standard. This achievement ensures that Allied Gaming will continue to be listed on the Nasdaq Capital Market, which is crucial for its visibility and investor relations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/allied-gaming-regains-nasdaq-compliance-with-bid-price/ar-AA1yM9D6 ]