Banzai International (BNZI) said Tuesday that it has regained compliance with Nasdaq's minimum bid price requirement for continued listing.
Nasdaq informed the company on Oct. 18 that its class A shares have maintained a minimum closing bid price of at least $1 over 10 consecutive business days.
The company's shares jumped 78% on Oct. 9 after it disclosed plan to lower its annual operational expenses by up to $9.9 million by March 31, 2025, and cut other expenses by up to $3.6 million. The measure includes workforce adjustments, operational consolidation, and other cost-cutting action.
Banzai International shares were up over 3% in recent trading Tuesday.
Price: 3.45, Change: +0.19, Percent Change: +5.83
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。