A stock stuck beneath a dollar for 32 straight sessions currently changes hands at $12.07, which tells you precisely what sort of math happened. NIP Group Inc., the outfit behind Ninjas in Pyjamas, cleared its Nasdaq compliance headache.
Written confirmation arrived from Nasdaq's Listing Qualifications Department, and the file is shut. Listing Rule 5450(a)(1) demands shares hold at or above $1.00, and slipping under that line opens a delisting path.
Nobody gets booted instantly, though. An 180-day window came attached to the warning, and NIP Group spent it adjusting the ratio on its American depositary shares. Ten consecutive business days above the buck followed, which satisfied the exchange.
FaZe Clan's parent sits in an identical hole. GameSquare Holdings has watched its share price languish under a dollar for months, with delisting risk hanging around unresolved.
Their remedy isn't finished either. A Special Meeting of Stockholders gets convened where shareholders vote on approving a reverse stock split, which amounts to the same lever pulled under a different name.
Written confirmation arrived from Nasdaq's Listing Qualifications Department, and the file is shut. Listing Rule 5450(a)(1) demands shares hold at or above $1.00, and slipping under that line opens a delisting path.
Nobody gets booted instantly, though. An 180-day window came attached to the warning, and NIP Group spent it adjusting the ratio on its American depositary shares. Ten consecutive business days above the buck followed, which satisfied the exchange.
FaZe Clan's parent sits in an identical hole. GameSquare Holdings has watched its share price languish under a dollar for months, with delisting risk hanging around unresolved.
Their remedy isn't finished either. A Special Meeting of Stockholders gets convened where shareholders vote on approving a reverse stock split, which amounts to the same lever pulled under a different name.
