Pop Culture Group (CPOP) said Friday it received a notice from Nasdaq saying that it is not in compliance with the exchange's minimum bid price rule.
The company said it has 180 days, or until Sept. 15, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days.
In the event it does not regain compliance by Sept. 15, the company may be eligible for additional time or it may face delisting, Pop Culture Group said.
Pop Culture shares were up 2.9% at about $0.68 in recent Friday premarket activity.
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