share_log

8-K: Current report

SEC ·  Sep 14 04:37

Summary by Futu AI

On September 11, 2024, Lottery.com Inc. received a notice from The Nasdaq Stock Market LLC indicating that the company's common stock had not met the minimum bid price requirement of $1 per share over the preceding 30 business days, violating Nasdaq Listing Rule 5450(a)(1). The company has been given a 180-day period, until March 10, 2025, to regain compliance with the rule. During this period, if Lottery.com's common stock achieves a closing bid price of at least $1 for ten consecutive business days, Nasdaq will confirm the company's compliance and close the matter. Failure to meet the requirement by the deadline may lead to delisting of the company's securities from the exchange. The notice was formally acknowledged by Matthew McGahan, CEO of Lottery.com Inc.
On September 11, 2024, Lottery.com Inc. received a notice from The Nasdaq Stock Market LLC indicating that the company's common stock had not met the minimum bid price requirement of $1 per share over the preceding 30 business days, violating Nasdaq Listing Rule 5450(a)(1). The company has been given a 180-day period, until March 10, 2025, to regain compliance with the rule. During this period, if Lottery.com's common stock achieves a closing bid price of at least $1 for ten consecutive business days, Nasdaq will confirm the company's compliance and close the matter. Failure to meet the requirement by the deadline may lead to delisting of the company's securities from the exchange. The notice was formally acknowledged by Matthew McGahan, CEO of Lottery.com Inc.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.