Classover regains compliance with Nasdaq minimum bid price requirement

Classover (KIDZ) Holdings received written notification from The Nasdaq Stock Market confirming that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the Company had received notice from Nasdaq that it was not in compliance with the minimum bid price requirement because the closing bid price of its common stock had fallen below $1.00 per share for a period of 30 consecutive business days. In order to regain compliance, the Company was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days. The Nasdaq written notification indicated that for the last 12 consecutive business days, the bid price for the Company’s Class B common stock had been at $1.00 per share or greater, as required by the listing rule.