Nasdaq Warns Snail Inc. Over $1 Minimum Bid Price Compliance
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Snail Inc. has been notified by Nasdaq that it has not met the minimum bid price requirement of $1.00 per share for 30 consecutive business days. The company has 180 days to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive days. Options being considered include a reverse stock split. Failure to comply may result in delisting, although an extension may be possible under certain conditions.
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