Pop Culture Group receives listing deficiency notification from Nasdaq

Pop Culture Group (CPOP) received a notification letter from the Nasdaq Listing Qualifications Department dated November 10, notifying the company that it is not in compliance with the minimum bid price requirement for continued listing on Nasdaq. Nasdaq Listing Rule 5550(a)( requires listed securities to maintain a minimum bid price of $1.00 per share for a period of 30 consecutive business days. The Notification Letter does not impact the company’s listing on The Nasdaq Capital Market at this time. The company has been provided 180 calendar days, or until May 11, 2026, to regain compliance with the Nasdaq Listing Rules. To regain compliance, the company’s Class A ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. The company may be eligible for additional time to regain compliance or may face delisting. The company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A ordinary shares, to regain compliance with the minimum bid price requirement.