Engine gaming & media confirms receipt of nasdaq notification regarding minimum bid price deficiency

New york, ny / accesswire / june 28, 2022 / engine gaming and media, inc. ("engine" or the "company") (nasdaq:game)(tsxv:game), a data-driven, gaming, media and social influencer marketing solutions company, announced today that on june 23, 2022, it received a written notice (the "notice") from the nasdaq stock market llc ("nasdaq") indicating that the company is not in compliance with the minimum bid price requirement for continued listing, which requires listed securities to maintain a minimum bid price of us$1.00 per share ("minimum bid requirement"). based on the closing bid price of the company's common shares for the last 30 consecutive business days, the company has failed to meet the minimum bid requirement set forth in nasdaq listing rule 5550(a)(2) during that period.
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