Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ:CREX, CREXW))))), a leading provider of digital signage and media solutions, announced that based on a notification letter recently received from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (the “Nasdaq”), the Company is in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the “Minimum Bid Price Requirement”).
The Company had previously received written notice from Nasdaq in October 2022 indicating that because the closing bid price per share had fallen below $1.00 for a period of 30 consecutive business days, the Company did not meet the Minimum Price Bid Requirement. According to the recent notification letter, the staff of Nasdaq has determined that for the last 10 consecutive business days, from March 27, 2023 to April 10, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. The Company is in compliance with the Minimum Bid Price Requirement, and the matter is now closed.
