Global Mofy AI Limited announced on December 12, 2024, that it received written notice from the Listing Qualifications Staff of the Nasdaq Stock Market LLC on December 11, 2024. The notice confirmed that the company has regained compliance with Nasdaq's minimum bid price requirement.
This compliance follows the company's 1-for-15 reverse stock split, which became effective on November 26, 2024. The reverse stock split was implemented to address the Nasdaq requirement for a minimum bid price of at least $1.00 per share.
Regaining compliance removes the immediate risk of delisting from the Nasdaq Capital Market, ensuring Global Mofy's continued access to public capital markets and maintaining investor confidence in its listing status.
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