Glory Star New Media Group Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement
Glory Star New Media Group Holdings Limited - Ordinary Share (GSMG)
Company Research
Source: PR Newswire
BEIJING, July 26, 2022 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced it received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it has regained compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules").On July 25, 2022, Nasdaq provided confirmation to the Company that for at least 10 consecutive business days, from July 11 to July 22, 2022, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.About Glory StarSince its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, e-commerce, socia
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