SRM Entertainment Receives Six-Month Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
SRM Entertainment (Nasdaq: SRM) has received a 180-day extension from Nasdaq to meet the minimum bid price requirement of $1 per share. The extension, granted until October 20, 2025, was based on the company meeting continued listing requirements for market value of publicly held shares and other initial listing criteria, except for the bid price requirement.
To maintain its Nasdaq Capital Market listing, SRM must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during this period. The company's stock will continue trading under the symbol 'SRM' during the extension period.
SRM Entertainment (Nasdaq: SRM) ha ottenuto un'estensione di 180 giorni da Nasdaq per soddisfare il requisito del prezzo minimo di offerta di 1 dollaro per azione. L'estensione, concessa fino al 20 ottobre 2025, si basa sul fatto che la società continua a rispettare i requisiti di quotazione relativi al valore di mercato delle azioni in circolazione e altri criteri iniziali di quotazione, ad eccezione del requisito sul prezzo di offerta.
Per mantenere la quotazione sul Nasdaq Capital Market, SRM deve raggiungere un prezzo di chiusura di almeno 1,00 dollari per azione per almeno 10 giorni lavorativi consecutivi durante questo periodo. Le azioni della società continueranno a essere negoziate con il simbolo 'SRM' durante il periodo di estensione.
SRM Entertainment (Nasdaq: SRM) ha recibido una prórroga de 180 días por parte de Nasdaq para cumplir con el requisito de precio mínimo de oferta de 1 dólar por acción. La extensión, otorgada hasta el 20 de octubre de 2025, se basa en que la empresa cumple con los requisitos continuos de cotización en cuanto al valor de mercado de las acciones en circulación y otros criterios iniciales, excepto el requisito del precio de oferta.
Para mantener su cotización en el Nasdaq Capital Market, SRM debe alcanzar un precio de cierre de al menos 1,00 dólar por acción durante un mínimo de 10 días hábiles consecutivos en este período. Las acciones de la compañía continuarán cotizando bajo el símbolo 'SRM' durante el período de extensión.
SRM Entertainment (나스닥: SRM)은(는) 주당 최소 입찰 가격 1달러 요건을 충족하기 위해 나스닥으로부터 180일 연장 허가를 받았습니다. 2025년 10월 20일까지 연장된 이번 허가는 회사가 공개 보유 주식의 시장 가치 및 기타 초기 상장 기준을 계속 충족했으나 입찰 가격 요건만 충족하지 못한 것을 근거로 합니다.
SRM은 나스닥 캐피털 마켓 상장을 유지하기 위해 이 기간 동안 최소 10거래일 연속으로 주당 1.00달러 이상의 종가를 달성해야 합니다. 회사의 주식은 연장 기간 동안 'SRM'이라는 심볼로 계속 거래됩니다.
SRM Entertainment (Nasdaq : SRM) a obtenu une extension de 180 jours de la part du Nasdaq pour satisfaire à l'exigence de prix minimum d'offre d'un dollar par action. Cette prolongation, accordée jusqu'au 20 octobre 2025, repose sur le fait que la société continue de respecter les critères de cotation relatifs à la valeur marchande des actions en circulation et d'autres critères initiaux, à l'exception de l'exigence concernant le prix d'offre.
Pour maintenir sa cotation sur le Nasdaq Capital Market, SRM doit atteindre un prix de clôture d'au moins 1,00 dollar par action pendant au moins 10 jours ouvrables consécutifs au cours de cette période. Les actions de la société continueront d'être négociées sous le symbole 'SRM' pendant la période d'extension.
SRM Entertainment (Nasdaq: SRM) hat von der Nasdaq eine Verlängerung von 180 Tagen erhalten, um die Mindestgebotspreis-Anforderung von 1 US-Dollar pro Aktie zu erfüllen. Die Verlängerung, die bis zum 20. Oktober 2025 gewährt wurde, basiert darauf, dass das Unternehmen weiterhin die Anforderungen an den Marktwert der öffentlich gehaltenen Aktien und andere anfängliche Notierungsbedingungen erfüllt, mit Ausnahme der Gebotspreisanforderung.
Um die Notierung am Nasdaq Capital Market aufrechtzuerhalten, muss SRM während dieses Zeitraums an mindestens 10 aufeinanderfolgenden Handelstagen einen Schlusskurs von mindestens 1,00 US-Dollar pro Aktie erreichen. Die Aktien des Unternehmens werden während der Verlängerungsfrist weiterhin unter dem Symbol 'SRM' gehandelt.
- Received 180-day Nasdaq extension to meet compliance requirements
- Maintains other Nasdaq listing requirements including market value criteria
- Company faces potential delisting risk if unable to maintain $1 minimum bid price
- Stock trading below $1, indicating weak market performance
Winter Park, FL, April 24, 2025 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM)(the “Company”) announced today that it has received a notice from the Nasdaq Staff, which has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq’s minimum
This extension grants the Company until October 20, 2025, to meet the requirement of maintaining a closing bid price of at least
“SRM Entertainment remains firmly focused on the execution of its strategic roadmap, which includes expanding its innovative product lines, penetrating new and existing distribution channels, and driving consistent revenue growth. This dedicated approach to building a stronger, more successful business should ultimately be reflected in SRM’s stock price.” said Rich Miller, CEO of SRM Entertainment.
About SRM Entertainment, Inc.
SRM Entertainment designs, develops, and manufactures custom merchandise which includes toys and souvenirs for the world's largest theme parks and other entertainment venues. Many of SRM’s creative products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books. SRM products are distributed worldwide at Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts – SeaWorld, Six Flags and other attractions. SRM’s products are offered alongside popular rides and attractions in theme parks, zoos, aquariums, and other entertainment venues. SRM’s design team developed specialty dolls, plush and toys for one of New York City’s landmarks that features a popular holiday show. SRM’s design team is credited with creating popular products which have been successfully sold at specialty theme park events. SRM’s exclusive-patented Sip With Me cups feature fun, kid friendly Zoo, Sea and animal themed characters as well as licensed characters from Smurfs, ICEE and Zoonicorn.
Caution Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the “Risk Factors” section of the Company’s filings with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.
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FAQ
What happens if SRM Entertainment fails to meet Nasdaq's $1 minimum bid requirement by October 2025?
How can SRM Entertainment regain Nasdaq compliance by October 2025?
What is the current status of SRM Entertainment's Nasdaq listing?
Why did Nasdaq grant SRM Entertainment a listing extension?
