VCI Global (VCIG) has received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing. To regain compliance with the Rule, the Company’s stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved during the period between November 6, 2024, to November 20, 2024; on November 21, 2024, Nasdaq informed the Company that it has achieved compliance with such Rule. Therefore, the Nasdaq Listing Qualifications Staff considers the prior bid price deficiency matter now closed.
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>>
See the top stocks recommended by analysts >>
Read More on VCIG:
- VCI Global Initiates Reverse Stock Split to Boost Share Price
- VCI Global Ltd trading halted, news pending
- VCI Global announces 1-for-49 reverse stock split
- VCI Global wins its first AI contract worth $16M
- VCI Global completes Founder Group’s IPO on Nasdaq
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
