Newegg Regains Compliance with Nasdaq Minimum Bid Price Requirement

DIAMOND BAR, Calif.--(BUSINESS WIRE)-- Newegg Commerce, Inc. (NASDAQ: NEGG) (the “Company” or “Newegg”) today announced that it has received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Capital Market notifying the Company that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the “Nasdaq Minimum Bid Price Requirement”).

The Notification Letter confirmed that the Company evidenced a closing bid price at or greater than the $1.00 per ordinary share minimum requirement for the last 10 consecutive business days from April 7, 2025 to April 21, 2025 and that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. As a result, the listing matter has been closed.

About Newegg

Newegg Commerce, Inc., founded in 2001 and based in the City of Industry, California, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.

Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch, Threads and Discord.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250423377063/en/

Newegg Commerce, Inc.:

Investor Relations

ir@newegg.com

Source: Newegg Commerce Inc.

FAQ

What was the reason for NEGG stock's compliance issue with Nasdaq?

NEGG stock had fallen below Nasdaq's minimum bid price requirement of $1.00 per share, which is required under Nasdaq Listing Rule 5550(a)(2).

How did Newegg (NEGG) regain Nasdaq compliance in April 2025?

Newegg regained compliance by maintaining a closing bid price above $1.00 per share for 10 consecutive business days from April 7-21, 2025.

What happens to NEGG stock now that it has regained Nasdaq compliance?

With compliance regained, NEGG stock will continue its normal trading on Nasdaq, and the listing matter has been closed.

What are the consequences if NEGG fails to maintain the $1 minimum bid price?

If NEGG fails to maintain the $1 minimum bid price requirement again, it could face potential delisting from Nasdaq unless it regains compliance within the given timeframe.