Magic Empire Global Ltd. (MEGL) has released an update.
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Magic Empire Global Limited has received an additional 180 days from Nasdaq to meet the minimum bid price requirement for continued listing, with a new deadline of February 24, 2025. The company is considering measures, including a potential reverse stock split, to comply with the listing standards but there’s no certainty of success. Delisting may occur if compliance isn’t met by the deadline, although an appeal process is available.
For further insights into MEGL stock, check out TipRanks’ Stock Analysis page.