MGAM Announces Receipt of NASDAQ Notification Letter Regarding Share Price

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Apr 17, 2023

WESTPORT, CT and MUMBAI, INDIA / ACCESSWIRE / April 17, 2023 / Mobile Global Esports Inc. (MOGO) (NASDAQ:MGAM), the esports and social platform company driving collegiate esports tournaments, college teams, players and streamers, and platform development in India, today announced that it has received a notification letter from the NASDAQ Stock Market LLC dated April 11, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on the NASDAQ. This press release is issued pursuant to NASDAQ Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.