GameSquare receives 180-day extension from NASDAQ to meet bid price rule
GameSquare Holdings Inc. (NASDAQ: GAME) received a 180-day extension from NASDAQ to regain compliance with the minimum closing bid price requirement of $1.00 per share, the company announced March 11.
The extension, granted March 10, gives GameSquare until September 7, 2026, to meet the requirement under NASDAQ Listing Rule 5810(c)(3)(A). The company's stock will continue trading on the NASDAQ Capital Market under the symbol "GAME" during this period.
NASDAQ will close the compliance matter if GameSquare's stock closes at or above $1.00 per share for a minimum of ten consecutive business days during the extension period.
The exchange granted the extension based on GameSquare meeting continued listing requirements for market value of publicly held shares and other applicable requirements, with the exception of the bid price requirement. GameSquare also provided written notice of its intention to cure the deficiency during the extension period by effecting a reverse stock split if necessary.
GameSquare operates as a media, entertainment and technology company focused on connecting brands with younger audiences through gaming and esports content. The company manages FaZe Esports and operates what it describes as one of the largest gaming media networks in North America.
The information is based on a company press release statement.
