SRM Entertainment receives 6-month extension from Nasdaq to regain compliance

SRM Entertainment (SRM) announced that it has received a notice from the Nasdaq Staff, which has determined that the Company is eligible for an additional 180 calendar day period to regain compliance with Nasdaq’s minimum $1 per share bid price requirement. The determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement. If at any time during this additional time period the closing bid price of the Company’s security is at least $1 per share for a minimum of 10 consecutive business days, this matter will be closed. This extension grants the Company until October 20, 2025, to meet the requirement of maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.