ShiftPixy, Inc., a company listed on The Nasdaq Stock Market, received a formal notice on August 28, 2024, regarding its continued non-compliance with Nasdaq's market value of listed securities (MVLS) requirement. The notice followed an earlier warning on February 26, 2024, when Nasdaq informed ShiftPixy that it did not meet the $35 million MVLS threshold for 30 consecutive business days, leading to a 180-day grace period to regain compliance, which ended on August 26, 2024. As a result of the non-compliance, ShiftPixy's common stock is at risk of being delisted from Nasdaq. The company intends to request a hearing before the Nasdaq Hearing Panel to prevent immediate delisting, which will postpone any further action by Nasdaq until the hearing process concludes. ShiftPixy is exploring all options to regain compliance, but there is no guarantee that the Panel will allow continued listing or that the company will achieve and maintain compliance within any granted extension period.

ShiftPixy, Inc., a company listed on The Nasdaq Stock Market, received a formal notice on August 28, 2024, regarding its continued non-compliance with Nasdaq's market value of listed securities (MVLS) requirement. The notice followed an earlier warning on February 26, 2024, when Nasdaq informed ShiftPixy that it did not meet the $35 million MVLS threshold for 30 consecutive business days, leading to a 180-day grace period to regain compliance, which ended on August 26, 2024. As a result of the non-compliance, ShiftPixy's common stock is at risk of being delisted from Nasdaq. The company intends to request a hearing before the Nasdaq Hearing Panel to prevent immediate delisting, which will postpone any further action by Nasdaq until the hearing process concludes. ShiftPixy is exploring all options to regain compliance, but there is no guarantee that the Panel will allow continued listing or that the company will achieve and maintain compliance within any granted extension period.