SRM Entertainment, Inc. announced on April 24, 2025, that it received a notice from the Nasdaq Staff granting an additional 180 calendar day period to regain compliance with Nasdaq’s minimum $1 per share bid price requirement.
This extension grants the company until October 20, 2025, to meet the requirement of maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. During this period, SRM Entertainment's common stock will continue to trade on the Nasdaq Capital Market under the ticker symbol 'SRM'.
The determination for the extension was based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the exception of the bid price requirement.
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