Snail Games Regains Compliance with Nasdaq Minimum Bid Price Requirement
Snail Games (Nasdaq: SNAL), a global independent developer and publisher of interactive digital entertainment, has regained compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq's Listing Qualifications Department confirming that it has met the necessary criteria for continued listing on The Nasdaq Capital Market.
To regain compliance, Snail Games was required to maintain a minimum closing bid price of $1.00 per share for its Class A common stock for at least ten consecutive business days. Nasdaq notified the company that it had achieved this requirement from October 4 to October 17, 2024. As a result, Snail Games has successfully resolved this compliance issue, and the matter is now closed.
Snail Games (Nasdaq: SNAL), uno sviluppatore e editore indipendente globale di intrattenimento digitale interattivo, ha riottenuto la conformità con il requisito del prezzo minimo di offerta di Nasdaq. L'azienda ha ricevuto una comunicazione scritta dal Dipartimento delle Qualifiche di Listing di Nasdaq che conferma di aver soddisfatto i criteri necessari per la continuazione della quotazione nel Nasdaq Capital Market.
Per riottenere la conformità, Snail Games doveva mantenere un prezzo minimo di chiusura di $1,00 per azione per le sue azioni ordinarie di Classe A per almeno dieci giorni lavorativi consecutivi. Nasdaq ha notificato all'azienda di aver raggiunto questo requisito dal 4 ottobre al 17 ottobre 2024. Di conseguenza, Snail Games ha risolto con successo questo problema di conformità, e la questione è ora chiusa.
Snail Games (Nasdaq: SNAL), un desarrollador y editor independiente global de entretenimiento digital interactivo, ha recuperado la conformidad con el requisito de precio mínimo de oferta de Nasdaq. La compañía recibió un aviso por escrito del Departamento de Calificaciones de Listado de Nasdaq confirmando que ha cumplido con los criterios necesarios para la continuación de la cotización en el Nasdaq Capital Market.
Para recuperar la conformidad, Snail Games debía mantener un precio mínimo de cierre de $1.00 por acción para sus acciones ordinarias de Clase A durante al menos diez días hábiles consecutivos. Nasdaq notificó a la compañía que había cumplido con este requisito del 4 de octubre al 17 de octubre de 2024. Como resultado, Snail Games ha resuelto exitosamente este problema de conformidad, y el asunto está ahora cerrado.
스네일 게임즈(SNAL, Nasdaq)는 상호작용 디지털 엔터테인먼트의 글로벌 독립 개발자이자 퍼블리셔로 규정을 재확인했습니다. 회사는 Nasdaq 상장 자격 부서로부터 Nasdaq 자본 시장에서 계속 상장하기 위한 필요 조건을 충족했다는 서면 통지를 받았습니다.
규정을 재확인하기 위해, 스네일 게임즈는 클래스 A 보통주에 대해 주당 $1.00의 최소 종가를 유지해야 했습니다 이는 연속 10일 이상 이어져야 했습니다. Nasdaq는 이 회사에게 2024년 10월 4일부터 10월 17일까지의 요구 사항을 달성했다고 통지했습니다. 따라서 스네일 게임즈는 이 규정 준수 문제를 성공적으로 해결하였으며, 이 문제는 이제 종료되었습니다.
Snail Games (Nasdaq: SNAL), un développeur et éditeur indépendant mondial de divertissement numérique interactif, a récupéré sa conformité avec l'exigence de prix d'offre minimum de Nasdaq. L'entreprise a reçu un avis écrit du département des qualifications de cotation de Nasdaq confirmant qu'elle a satisfait aux critères nécessaires pour une cotation continue sur le Nasdaq Capital Market.
Pour rétablir la conformité, Snail Games devait maintenir un prix de clôture minimum de 1,00 $ par action pour ses actions ordinaires de Classe A pendant au moins dix jours ouvrables consécutifs. Nasdaq a notifié à l'entreprise qu'elle avait atteint cette exigence du 4 octobre au 17 octobre 2024. En conséquence, Snail Games a résolu avec succès ce problème de conformité, et la question est maintenant close.
Snail Games (Nasdaq: SNAL), ein globaler unabhängiger Entwickler und Herausgeber interaktiver digitaler Unterhaltung, hat die Einhaltung der Mindestanforderungen für den Angebotspreis von Nasdaq wiedererlangt. Das Unternehmen erhielt eine schriftliche Mitteilung von der Abteilung für Börsenzulassungen von Nasdaq, die bestätigt, dass es die erforderlichen Kriterien für eine fortgesetzte Notierung am Nasdaq Capital Market erfüllt hat.
Um die Einhaltung wiederzuerlangen, musste Snail Games einen minimalen Schlusskurs von 1,00 $ pro Aktie für seine Stammaktien der Klasse A für mindestens zehn aufeinanderfolgende Geschäftstage aufrechterhalten. Nasdaq informierte das Unternehmen, dass es diese Anforderungen vom 4. Oktober bis 17. Oktober 2024 erfüllt hat. Infolgedessen hat Snail Games dieses Compliance-Problem erfolgreich gelöst, und die Angelegenheit ist jetzt abgeschlossen.
- Regained compliance with Nasdaq's minimum bid price requirement
- Maintained closing bid price of $1.00 or higher for 10 consecutive business days
- Retained listing on The Nasdaq Capital Market
- None.
Insights
Snail Games' regaining compliance with Nasdaq's minimum bid price requirement is a positive development for the company. This news removes the immediate threat of delisting, which could have severely impacted investor confidence and the company's ability to raise capital. The 10-day period of maintaining a closing bid price of
However, investors should note that merely meeting the minimum requirement doesn't necessarily indicate strong financial performance or growth prospects. With a market cap of only
While this news may provide some short-term relief and potentially attract new investors, long-term value will depend on Snail Games' ability to execute its business strategy and deliver financial results. Investors should closely monitor upcoming financial reports and industry trends to gauge the company's true health and growth potential.
On October 18, 2024, Nasdaq notified the Company that for ten (10) consecutive business days, from October 4, 2024, to October 17, 2024, the closing bid price of the Class A common stock has been at
About Snail, Inc. https://snail.com/
Snail Games is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices.
Contacts:
Investors:
investors@snail.com
Press:
media@snail.com
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SOURCE Snail, Inc.
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