Snail regains Nasdaq compliance

Snail (SNAL) announced that the company received written notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. To regain compliance with Nasdaq Listing Rule 5550(a)(2), the company was required to maintain a minimum closing bid price for its Class A common stock of $1.00 per share or more for at least ten consecutive business days.