Allied Gaming Regains Nasdaq Compliance

The company secures compliance following an initial warning, reaffirming its Nasdaq Capital Market listing.

February 11, 2025

Maintaining Nasdaq Compliance

Allied Gaming & Entertainment Inc., a digital entertainment and gaming-focused company, has successfully regained compliance with the Nasdaq Capital Market’s minimum bid price requirement. This development ensures the company’s continued presence on the Nasdaq exchange, signaling stability and adherence to listing standards.

The company had initially received a notification from Nasdaq’s Listing Qualifications Department in late January 2025. The warning informed Allied Gaming that its common stock had been trading below the required $1.00 minimum closing bid price for 30 consecutive business days, which falls short of Nasdaq Listing Rule 5550(a)(2). Although the notification did not result in an immediate delisting, it initiated a compliance period for the company to rectify the situation.

Successful Resolution and Strategic Focus

Nasdaq provided Allied Gaming with an initial compliance window lasting until July 21, 2025. By February 6, 2025, the company had regained the required minimum bid price above $1.00 per share. Nasdaq subsequently confirmed this compliance in a follow-up letter, formally closing the matter.

This achievement is significant for Allied Gaming, as it ensures continued access to the capital markets and avoids complications that could arise from delisting procedures. The company’s compliance efforts reflect a broader strategy aimed at maintaining investor confidence while pursuing its operational and strategic goals in the competitive gaming and digital entertainment sectors.

Allied Gaming’s commitment to adhering to market standards aligns with its objective to grow its digital entertainment and competitive gaming ventures. The company remains well-positioned to capitalize on future opportunities within this rapidly evolving industry.