Pop Culture Group receives Nasdaq notice of non-compliance

Pop Culture Group (CPOP) announced that the company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market, dated March 17, notifying the company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. The company’s business operations are not affected by the receipt of the Notification Letter. 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 under the Nasdaq Listing Rules.