VS Media regains compliance with Nasdaq minimum bid price rule

VS Media announced the receipt of formal notice from The Nasdaq Stock Market that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). On July 3, 2024, NASDAQ provided confirmation that for 10 consecutive business days, from June 18, 2024, through July 2, 2024, the closing bid price of the Company’s common stock was at or above $1.00. The Company has thus regained compliance with Nasdaq Listing Rule 5550(a)(2) and NASDAQ considers the prior bid deficiency matter now closed.